Caesars Entertainment (NASDAQ:CZR) PT Lowered to $40.00

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by stock analysts at Morgan Stanley from $41.00 to $40.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 7.85% from the company’s current price.

CZR has been the subject of a number of other research reports. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Raymond James began coverage on shares of Caesars Entertainment in a research note on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group cut their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, JMP Securities raised their price objective on Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Caesars Entertainment Stock Up 0.0 %

Shares of NASDAQ CZR opened at $37.09 on Wednesday. The firm’s 50-day moving average is $36.88 and its two-hundred day moving average is $38.16. The company has a market capitalization of $8.03 billion, a PE ratio of 10.51 and a beta of 2.99. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $55.71. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. Caesars Entertainment’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. Equities analysts anticipate that Caesars Entertainment will post 0.06 EPS for the current fiscal year.

Institutional Trading of Caesars Entertainment

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Caesars Entertainment in the 4th quarter worth approximately $45,000. Principal Securities Inc. acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $46,000. Mather Group LLC. purchased a new stake in shares of Caesars Entertainment during the first quarter valued at approximately $53,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment

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.