Caesars Entertainment (NASDAQ:CZR) PT Raised to $58.00

Caesars Entertainment (NASDAQ:CZR) had its price objective raised by Wells Fargo & Company from $56.00 to $58.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently commented on CZR. StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JMP Securities restated a “market outperform” rating and set a $59.00 price objective on shares of Caesars Entertainment in a research report on Monday, October 14th. Susquehanna restated a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Barclays upped their price objective on shares of Caesars Entertainment from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.38.

Caesars Entertainment Price Performance

Shares of CZR opened at $45.18 on Thursday. Caesars Entertainment has a 1-year low of $31.74 and a 1-year high of $50.51. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The stock has a market cap of $9.78 billion, a PE ratio of 12.80 and a beta of 2.97. The firm has a fifty day moving average price of $39.77 and a 200 day moving average price of $38.09.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

A number of large investors have recently made changes to their positions in the stock. American Trust increased its holdings in shares of Caesars Entertainment by 4.5% in the 1st quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after purchasing an additional 313 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Caesars Entertainment by 2.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after purchasing an additional 511 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Caesars Entertainment by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock valued at $728,000 after acquiring an additional 580 shares during the last quarter. 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.