Caesars Entertainment (NASDAQ:CZR) PT Lowered to $59.00 at Deutsche Bank Aktiengesellschaft

Caesars Entertainment (NASDAQ:CZRFree Report) had its price target cut by Deutsche Bank Aktiengesellschaft from $62.00 to $59.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

CZR has been the subject of several other research reports. JMP Securities reiterated a market outperform rating and issued a $65.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, February 21st. Susquehanna lowered their price objective on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. Wells Fargo & Company lowered their price objective on Caesars Entertainment from $72.00 to $68.00 and set an overweight rating for the company in a research report on Wednesday, February 21st. Barclays decreased their target price on Caesars Entertainment from $67.00 to $65.00 and set an overweight rating for the company in a report on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their target price on Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a report on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $58.18.

Check Out Our Latest Stock Report on Caesars Entertainment

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $40.10 on Friday. The business has a 50 day moving average of $42.23 and a 200 day moving average of $43.83. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 11.05 and a beta of 2.81. Caesars Entertainment has a 1-year low of $38.33 and a 1-year high of $60.27. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, sell-side analysts predict that Caesars Entertainment will post 1.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram bought 15,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. boosted its position in shares of Caesars Entertainment by 26.4% during the third quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock valued at $2,057,000 after buying an additional 9,270 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Caesars Entertainment by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after buying an additional 77,595 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Caesars Entertainment during the third quarter valued at $2,259,000. Assenagon Asset Management S.A. boosted its position in shares of Caesars Entertainment by 1,029.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock valued at $11,998,000 after buying an additional 233,271 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Caesars Entertainment during the third quarter valued at $3,692,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment

(Get Free Report)

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.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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