Stifel Nicolaus Trims Caesars Entertainment (NASDAQ:CZR) Target Price to $54.00

Caesars Entertainment (NASDAQ:CZRFree Report) had its price objective reduced by Stifel Nicolaus from $67.00 to $54.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on CZR. JPMorgan Chase & Co. lowered their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating on the stock in a research note on Tuesday, January 9th. Barclays dropped their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an overweight rating on the stock in a report on Friday, April 19th. Susquehanna lowered their price target on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Morgan Stanley lifted their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company lowered their target price on Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Caesars Entertainment currently has an average rating of Moderate Buy and a consensus target price of $53.83.

Get Our Latest Analysis on CZR

Caesars Entertainment Price Performance

Shares of CZR opened at $35.33 on Wednesday. Caesars Entertainment has a twelve month low of $35.09 and a twelve month high of $60.27. The company has a market capitalization of $7.65 billion, a P/E ratio of 10.01 and a beta of 2.83. The firm has a 50 day moving average of $40.67 and a 200 day moving average of $43.08. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 2.65.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. As a group, equities research analysts anticipate that Caesars Entertainment will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram purchased 15,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its stake in Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock valued at $126,000 after purchasing an additional 261 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Caesars Entertainment by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock valued at $1,625,000 after buying an additional 285 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Caesars Entertainment by 4.0% in the third quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock worth $354,000 after buying an additional 295 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Caesars Entertainment by 13.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock worth $148,000 after acquiring an additional 376 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Caesars Entertainment by 8.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock valued at $234,000 after acquiring an additional 400 shares in the last quarter. 91.79% of the stock is owned by 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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