JMP Securities Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $57.00

Caesars Entertainment (NASDAQ:CZR) had its price target reduced by JMP Securities from $59.00 to $57.00 in a research note released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Susquehanna restated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.86.

Caesars Entertainment Stock Down 1.1 %

Shares of Caesars Entertainment stock opened at $38.25 on Monday. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $50.51. The company has a 50 day moving average of $41.56 and a 200 day moving average of $38.39. 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 company has a market capitalization of $8.13 billion, a P/E ratio of -22.90 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, research analysts forecast that Caesars Entertainment will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. Huntington National Bank grew its position in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the period. UMB Bank n.a. bought a new stake in Caesars Entertainment in the third quarter valued at $51,000. GAMMA Investing LLC grew its position in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the period. Finally, Quarry LP bought a new stake in shares of Caesars Entertainment during the third quarter worth $68,000. Hedge funds and other institutional investors 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.