Wells Fargo & Company Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $50.00

Caesars Entertainment (NASDAQ:CZR) had its price objective lowered by Wells Fargo & Company from $53.00 to $50.00 in a research report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on CZR. TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JMP Securities dropped their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Barclays decreased their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.64.

Caesars Entertainment Trading Down 0.9 %

Caesars Entertainment stock opened at $34.56 on Wednesday. Caesars Entertainment has a 52-week low of $30.78 and a 52-week high of $45.93. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -20.69 and a beta of 2.90. The firm has a 50-day moving average price of $34.68 and a two-hundred day moving average price of $37.84.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Sell-side analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Large investors have recently modified their holdings of the stock. American Trust raised its position in shares of Caesars Entertainment by 8.7% during the fourth quarter. American Trust now owns 7,505 shares of the company’s stock worth $251,000 after purchasing an additional 601 shares during the period. Mackenzie Financial Corp increased its stake in Caesars Entertainment by 52.3% in the 4th quarter. Mackenzie Financial Corp now owns 10,959 shares of the company’s stock worth $366,000 after purchasing an additional 3,764 shares in the last quarter. Toronto Dominion Bank raised its holdings in Caesars Entertainment by 1.1% during the 4th quarter. Toronto Dominion Bank now owns 85,118 shares of the company’s stock worth $2,845,000 after buying an additional 920 shares during the period. Castleark Management LLC purchased a new stake in Caesars Entertainment during the fourth quarter valued at about $2,719,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Caesars Entertainment by 24.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 503,387 shares of the company’s stock worth $16,823,000 after buying an additional 99,843 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.