Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $43.00 at Jefferies Financial Group

Caesars Entertainment (NASDAQ:CZR) had its price target reduced by analysts at Jefferies Financial Group from $52.00 to $43.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 32.27% from the company’s current price.

A number of other research firms have also weighed in on CZR. Morgan Stanley upped their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Macquarie reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $52.43.

Caesars Entertainment Trading Down 0.2 %

NASDAQ:CZR opened at $32.51 on Friday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of -19.47 and a beta of 2.90. 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 business has a fifty day moving average price of $37.35 and a 200-day moving average price of $38.38. Caesars Entertainment has a one year low of $31.74 and a one year high of $47.99.

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

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of Caesars Entertainment by 18.7% in the 3rd 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 last quarter. EdgePoint Investment Group Inc. raised its position in Caesars Entertainment by 1.0% during the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock valued at $232,847,000 after purchasing an additional 60,184 shares during the period. Helikon Investments Ltd lifted its stake in shares of Caesars Entertainment by 67.1% in the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock valued at $66,264,000 after purchasing an additional 637,303 shares during the last quarter. Bamco Inc. NY purchased a new position in shares of Caesars Entertainment in the 3rd quarter worth approximately $61,890,000. Finally, Principal Financial Group Inc. increased its position in shares of Caesars Entertainment by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

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.