Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $43.00 at Jefferies Financial Group

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by Jefferies Financial Group from $52.00 to $43.00 in a research note issued to investors on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. 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. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. JMP Securities cut their price objective on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Monday, November 25th. Barclays cut their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $52.43.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $32.51 on Friday. Caesars Entertainment has a twelve month low of $31.74 and a twelve month high of $47.99. The stock has a market capitalization of $6.91 billion, a P/E ratio of -19.47 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The business’s fifty day moving average price is $37.35 and its 200 day moving average price is $38.38.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results 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). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business posted $0.34 EPS. Caesars Entertainment’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Caesars Entertainment will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds have recently bought and sold shares of the company. Huntington National Bank grew its stake in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares in the last quarter. UMB Bank n.a. acquired a new position in Caesars Entertainment in the third quarter worth about $51,000. Quarry LP acquired a new position in Caesars Entertainment in the third quarter worth about $68,000. GAMMA Investing LLC grew its stake in Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after purchasing an additional 403 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares in the last quarter. 91.79% of the stock is currently 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.