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

Caesars Entertainment, Inc. (NASDAQ:CZR) has received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $50.43.

A number of equities analysts have weighed in on CZR shares. Truist Financial lowered their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Macquarie reduced their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Barclays reduced their price objective on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC lifted its stake in Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 800 shares during the last quarter. FIL Ltd bought a new stake in Caesars Entertainment during the fourth quarter worth $28,000. Huntington National Bank lifted 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 purchasing an additional 833 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Caesars Entertainment during the fourth quarter worth $44,000. Finally, Canada Pension Plan Investment Board lifted its stake in Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $27.56 on Wednesday. The business’s 50 day moving average price is $33.60 and its two-hundred day moving average price is $37.11. The company has a market cap of $5.84 billion, a PE ratio of -16.50 and a beta of 2.97. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a twelve month low of $26.42 and a twelve month high of $45.93.

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

About Caesars Entertainment

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.