Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $53.86.

CZR has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. JMP Securities dropped their price objective on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a research note on Monday, November 25th. Finally, Morgan Stanley boosted their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in shares of Caesars Entertainment by 17.0% during the 2nd quarter. QRG Capital Management Inc. now owns 7,332 shares of the company’s stock worth $291,000 after buying an additional 1,068 shares during the period. Czech National Bank lifted its stake in shares of Caesars Entertainment by 8.7% in the 2nd quarter. Czech National Bank now owns 41,240 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,291 shares during the period. Aspire Private Capital LLC lifted its stake in shares of Caesars Entertainment by 17.5% in the 2nd quarter. Aspire Private Capital LLC now owns 4,108 shares of the company’s stock valued at $163,000 after purchasing an additional 612 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Caesars Entertainment by 30.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 5,857 shares of the company’s stock worth $233,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Caesars Entertainment by 31.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,668 shares of the company’s stock worth $265,000 after purchasing an additional 1,591 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $37.60 on Monday. Caesars Entertainment has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The stock’s 50-day moving average is $41.14 and its two-hundred day moving average is $38.53. 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 firm has a market cap of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts predict that Caesars Entertainment will post -0.56 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.