Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) PT at $54.00

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.00.

A number of research firms have issued reports on CZR. Jefferies Financial Group lowered their target price on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Morgan Stanley lifted their target price on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Macquarie reiterated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment 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 report on Thursday, October 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Caesars Entertainment by 525.3% during the 2nd 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. Huntington National Bank grew its stake in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after buying an additional 833 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Caesars Entertainment during the third quarter worth $51,000. GAMMA Investing LLC lifted its stake in shares of Caesars Entertainment by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the last quarter. Finally, Quarry LP bought a new stake in Caesars Entertainment during the 3rd quarter worth $68,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Price Performance

CZR opened at $37.04 on Thursday. The stock has a market cap of $7.87 billion, a P/E ratio of -22.18 and a beta of 2.96. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $50.51. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $38.29.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm earned $0.34 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts expect that Caesars Entertainment will post -0.54 EPS for the current year.

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.