TD Cowen Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $50.00

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by TD Cowen from $53.00 to $50.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Susquehanna reduced their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a neutral rating for the company in a report on Wednesday, February 21st. Truist Financial reduced their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a buy rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating for the company in a report on Tuesday, January 9th. Morgan Stanley increased their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $72.00 to $68.00 and set an overweight rating for the company in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $54.00.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $36.38 on Wednesday. The firm has a fifty day moving average price of $41.04 and a two-hundred day moving average price of $43.25. The company has a market cap of $7.87 billion, a PE ratio of 10.02 and a beta of 2.81. Caesars Entertainment has a fifty-two week low of $35.12 and a fifty-two week 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:CZR) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The business had revenue of $2.83 billion for 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%. Caesars Entertainment’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. Analysts expect that Caesars Entertainment will post 1.02 EPS for the current year.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the transaction, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Caesars Entertainment in the third quarter valued at approximately $32,000. Altshuler Shaham Ltd acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $45,000. Principal Securities Inc. acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $46,000. Mather Group LLC. acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $53,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares during the period. 91.79% of the stock is owned by institutional investors.

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.