Barclays Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $54.00

Caesars Entertainment (NASDAQ:CZR) had its price target lowered by stock analysts at Barclays from $55.00 to $54.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 62.41% from the stock’s current price.

A number of other brokerages also recently weighed in on CZR. TD Cowen lowered their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Macquarie restated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $50.64.

Caesars Entertainment Trading Down 3.8 %

Shares of CZR stock opened at $33.25 on Wednesday. Caesars Entertainment has a 1-year low of $30.78 and a 1-year high of $45.93. 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 stock has a market cap of $7.06 billion, a price-to-earnings ratio of -19.91 and a beta of 2.90. The stock has a 50-day moving average of $34.68 and a 200-day moving average of $37.81.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. On average, equities research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Trading of Caesars Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its holdings in shares of Caesars Entertainment by 14.8% in the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after purchasing an additional 2,555,876 shares in the last quarter. Norges Bank bought a new position in Caesars Entertainment during the 4th quarter valued at $75,058,000. Janus Henderson Group PLC boosted its holdings in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after acquiring an additional 1,983,151 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after acquiring an additional 1,882,728 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $57,629,000. 91.79% of the stock is owned by institutional investors.

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.