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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $54.54.

Several research firms recently issued reports on CZR. Wells Fargo & Company boosted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Susquehanna reiterated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Jefferies Financial Group decreased their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, JMP Securities reissued a “market outperform” rating and issued a $59.00 price target on shares of Caesars Entertainment in a report on Monday, October 14th.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $43.69 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $50.51. The company has a 50 day simple moving average of $40.40 and a two-hundred day simple moving average of $38.14. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 12.38 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. As a group, analysts predict that Caesars Entertainment will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Large investors have recently modified their holdings of the business. American International Group Inc. lifted its position in Caesars Entertainment by 1.9% in the fourth quarter. American International Group Inc. now owns 58,711 shares of the company’s stock valued at $2,752,000 after buying an additional 1,072 shares during the last quarter. Wellington Management Group LLP increased its stake in Caesars Entertainment by 38.5% in the fourth quarter. Wellington Management Group LLP now owns 30,276 shares of the company’s stock valued at $1,419,000 after purchasing an additional 8,410 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Caesars Entertainment by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock worth $728,000 after acquiring an additional 580 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $442,000. Finally, NBC Securities Inc. grew its position in shares of Caesars Entertainment by 57.9% during the first quarter. NBC Securities Inc. now owns 6,018 shares of the company’s stock worth $263,000 after acquiring an additional 2,207 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

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.