Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $53.86 Consensus Target Price from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $53.71.

Several research firms have recently issued reports on CZR. Wells Fargo & Company decreased their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lifted their price objective on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in Caesars Entertainment by 18.7% during the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the period. Bamco Inc. NY acquired a new stake in shares of Caesars Entertainment in the third quarter worth $61,890,000. SG Americas Securities LLC increased its position in Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after acquiring an additional 1,418,318 shares during the period. Helikon Investments Ltd acquired a new position in Caesars Entertainment during the 2nd quarter valued at $37,763,000. Finally, Progeny 3 Inc. bought a new stake in Caesars Entertainment in the 3rd quarter valued at $37,649,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 2.1 %

NASDAQ:CZR opened at $37.01 on Monday. 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 firm has a market capitalization of $7.86 billion, a P/E ratio of -22.16 and a beta of 2.89. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The business has a 50 day simple moving average of $40.58 and a 200 day simple moving average of $38.59.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Equities research analysts predict that Caesars Entertainment will post -0.56 EPS for the current year.

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.