Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $50.64.

A number of equities research analysts have issued reports on CZR shares. Truist Financial decreased their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. TD Cowen dropped their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group cut their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Macquarie lowered their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of CZR. Vanguard Group Inc. lifted its position in Caesars Entertainment by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock worth $780,854,000 after purchasing an additional 100,263 shares during the period. Capital Research Global Investors raised its stake in shares of Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after buying an additional 2,555,876 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Caesars Entertainment by 14.8% during the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after purchasing an additional 1,882,728 shares during the period. Janus Henderson Group PLC boosted its holdings in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Caesars Entertainment by 28.0% during the fourth quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock valued at $185,594,000 after purchasing an additional 1,213,426 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Stock Down 0.9 %

Caesars Entertainment stock opened at $34.56 on Friday. The company has a market capitalization of $7.34 billion, a P/E ratio of -20.69 and a beta of 2.90. Caesars Entertainment has a 1-year low of $30.78 and a 1-year high of $45.93. The firm’s fifty day simple moving average is $34.68 and its 200-day simple moving average is $37.84. 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 (NASDAQ:CZR) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Sell-side analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

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.