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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.71.

Several research analysts recently weighed in on CZR shares. Barclays lowered their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. JMP Securities reduced their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. 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 report on Wednesday, October 9th.

Caesars Entertainment Stock Down 2.5 %

NASDAQ CZR opened at $32.59 on Friday. The business’s fifty day simple moving average is $37.58 and its 200-day simple moving average is $38.40. 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 firm has a market cap of $6.92 billion, a PE ratio of -19.51 and a beta of 2.89. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $47.99.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The firm 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%. Caesars Entertainment’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts anticipate that Caesars Entertainment will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after buying an additional 59,170 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Caesars Entertainment by 9.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock valued at $844,000 after acquiring an additional 1,807 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Caesars Entertainment during the 3rd quarter worth about $262,000. MidWestOne Financial Group Inc. lifted its stake in Caesars Entertainment by 59.7% during the third quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock worth $1,745,000 after purchasing an additional 15,629 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Caesars Entertainment by 163.7% in the third quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock valued at $1,086,000 after purchasing an additional 16,150 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

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.