Raymond James Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $49.00

Caesars Entertainment (NASDAQ:CZR) had its price target cut by stock analysts at Raymond James from $55.00 to $49.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ target price suggests a potential upside of 73.45% from the company’s current price.

Several other research firms have also recently commented on CZR. TD Cowen cut their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. JMP Securities cut their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Macquarie cut their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group cut their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Caesars Entertainment Trading Down 3.0 %

NASDAQ:CZR opened at $28.25 on Wednesday. Caesars Entertainment has a fifty-two week low of $26.42 and a fifty-two week high of $45.93. 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 stock has a market capitalization of $5.99 billion, a PE ratio of -16.92 and a beta of 2.97. The business’s 50-day simple moving average is $33.47 and its 200-day simple moving average is $37.00.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC increased its holdings in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares during the last quarter. FIL Ltd acquired a new position in Caesars Entertainment in the 4th quarter valued at $28,000. Huntington National Bank grew its holdings in Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after buying an additional 833 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Caesars Entertainment in the 4th quarter valued at $44,000. Finally, Canada Pension Plan Investment Board grew its holdings in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after buying an additional 800 shares in the last quarter. 91.79% of the stock is 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.