Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Moderate Buy” by Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $54.21.

Several equities research analysts recently issued reports on CZR shares. JMP Securities boosted their price objective on Caesars Entertainment from $58.00 to $59.00 and gave the company a “market outperform” rating in a report on Thursday, August 22nd. StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their target price on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James assumed coverage on Caesars Entertainment in a research report on Tuesday, May 21st. They issued a “strong-buy” rating and a $55.00 target price for the company. Finally, B. Riley assumed coverage on Caesars Entertainment in a research report on Thursday, May 9th. They set a “buy” rating and a $70.00 price objective for the company.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $37.64 on Friday. The stock’s fifty day moving average is $37.00 and its two-hundred day moving average is $38.32. The firm has a market capitalization of $8.15 billion, a P/E ratio of 10.66 and a beta of 2.99. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.67 and a current ratio of 0.70. Caesars Entertainment has a fifty-two week low of $31.74 and a fifty-two week high of $56.29.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company earned $0.82 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Caesars Entertainment will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Several hedge funds have recently bought and sold shares of the company. American Trust increased its stake in Caesars Entertainment by 4.5% in the first quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after purchasing an additional 313 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Caesars Entertainment by 8.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock valued at $234,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. increased its stake in Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after purchasing an additional 499 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Caesars Entertainment by 2.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after purchasing an additional 511 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Caesars Entertainment by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock valued at $236,000 after purchasing an additional 538 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.