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

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $54.00.

Several research firms have commented on CZR. Macquarie reissued an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Barclays dropped their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Susquehanna restated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Caesars Entertainment by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after acquiring an additional 75,898 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Caesars Entertainment by 249.0% in the 1st quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock valued at $8,131,000 after purchasing an additional 132,720 shares during the last quarter. Sei Investments Co. grew its position in shares of Caesars Entertainment by 263.2% during the 1st quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock worth $15,111,000 after buying an additional 250,354 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Caesars Entertainment by 20.9% during the first quarter. Gamco Investors INC. ET AL now owns 256,261 shares of the company’s stock worth $11,209,000 after buying an additional 44,213 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Caesars Entertainment by 42.7% in the second quarter. Hsbc Holdings PLC now owns 485,077 shares of the company’s stock valued at $19,148,000 after acquiring an additional 145,201 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 5.0 %

CZR stock opened at $37.04 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company’s 50 day simple moving average is $41.57 and its 200-day simple moving average is $38.29. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $50.51. The firm has a market capitalization of $7.87 billion, a PE ratio of -22.18 and a beta of 2.96.

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

About Caesars Entertainment

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.