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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $51.36.

A number of brokerages recently weighed in on CZR. Truist Financial reduced their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Barclays reduced their target price on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Macquarie reiterated an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, JMP Securities reduced their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th.

Institutional Trading of Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of CZR. Wellington Management Group LLP grew its stake in Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after purchasing an additional 4,840 shares in the last quarter. Key Colony Management LLC acquired a new stake in Caesars Entertainment during the fourth quarter valued at approximately $6,350,000. National Bank of Canada FI raised its stake in Caesars Entertainment by 87.2% during the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock valued at $4,572,000 after buying an additional 51,034 shares in the last quarter. LMR Partners LLP acquired a new stake in Caesars Entertainment during the third quarter valued at approximately $903,000. Finally, Entropy Technologies LP acquired a new stake in Caesars Entertainment during the third quarter valued at approximately $1,300,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Price Performance

CZR stock opened at $35.02 on Tuesday. Caesars Entertainment has a 52-week low of $30.78 and a 52-week high of $45.93. The stock’s fifty day simple moving average is $35.14 and its 200-day simple moving average is $37.85. 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 stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of -20.97 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share (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 quarter last year, the business earned $0.34 EPS. Caesars Entertainment’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts expect that Caesars Entertainment will post -0.58 EPS for the current 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.