Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $54.00 Consensus Price Target from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $54.00.

CZR has been the subject of several research analyst reports. Jefferies Financial Group cut their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Susquehanna reiterated a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Macquarie restated an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $59.00 price objective on shares of Caesars Entertainment in a research note on Monday, October 14th.

Caesars Entertainment Trading Up 0.6 %

NASDAQ:CZR opened at $37.59 on Thursday. The company has a 50 day simple moving average of $41.63 and a two-hundred day simple moving average of $38.32. The company has a market cap of $7.99 billion, a PE ratio of -22.51 and a beta of 2.96. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company posted $0.34 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Research analysts forecast that Caesars Entertainment will post -0.54 earnings per share for the current year.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Caesars Entertainment by 26.9% during the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock valued at $678,190,000 after acquiring an additional 3,289,748 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. Nut Tree Capital Management LP lifted its position in Caesars Entertainment by 340.0% during the first quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock valued at $96,228,000 after purchasing an additional 1,700,000 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in Caesars Entertainment by 35.4% in the first quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock valued at $253,651,000 after purchasing an additional 1,515,763 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in Caesars Entertainment during the 3rd quarter worth about $61,890,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.