Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $44.00 by Analysts at Barclays

Caesars Entertainment (NASDAQ:CZR) had its price objective trimmed by Barclays from $54.00 to $44.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Jefferies Financial Group decreased their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Capital One Financial upgraded shares of Caesars Entertainment from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Raymond James decreased their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. Finally, Morgan Stanley decreased their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $26.75 on Tuesday. The stock’s 50-day moving average is $28.84 and its 200-day moving average is $34.56. The stock has a market cap of $5.67 billion, a P/E ratio of -16.02 and a beta of 2.67. Caesars Entertainment has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Equities research analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Villere ST Denis J & Co. LLC increased its stake in Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after purchasing an additional 47,294 shares in the last quarter. Cannell Capital LLC bought a new stake in shares of Caesars Entertainment during the fourth quarter worth about $13,498,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth about $385,000. Charles Schwab Investment Management Inc. lifted its position in Caesars Entertainment by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company’s stock valued at $62,728,000 after acquiring an additional 11,671 shares in the last quarter. Finally, Key Colony Management LLC acquired a new position in Caesars Entertainment during the 4th quarter valued at about $6,350,000. Institutional investors own 91.79% of the company’s stock.

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.