Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $57.00 at JPMorgan Chase & Co.

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by JPMorgan Chase & Co. from $58.00 to $57.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus increased their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley increased their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Barclays reduced their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Finally, JMP Securities reduced 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.43.

Caesars Entertainment Trading Down 0.2 %

Shares of NASDAQ:CZR opened at $32.51 on Friday. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $47.99. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of -19.47 and a beta of 2.90. 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 business’s 50 day moving average price is $37.35 and its 200-day moving average price is $38.38.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) 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 business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business earned $0.34 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Caesars Entertainment will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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