Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $51.36

Shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $51.36.

A number of brokerages have recently commented on CZR. Truist Financial lowered their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. 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 research note on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lowered their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.

View Our Latest Report on CZR

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in CZR. Wellington Management Group LLP lifted its holdings in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after purchasing an additional 4,840 shares in the last quarter. Key Colony Management LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $6,350,000. National Bank of Canada FI lifted its position in shares of Caesars Entertainment by 87.2% in the third quarter. National Bank of Canada FI now owns 109,526 shares of the company’s stock worth $4,572,000 after purchasing an additional 51,034 shares in the last quarter. LMR Partners LLP acquired a new position in Caesars Entertainment during the third quarter worth $903,000. Finally, Entropy Technologies LP bought a new position in Caesars Entertainment in the third quarter valued at $1,300,000. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Trading Up 1.8 %

NASDAQ:CZR opened at $36.23 on Tuesday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of -21.69 and a beta of 2.90. Caesars Entertainment has a one year low of $30.78 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The business’s 50-day simple moving average is $35.04 and its 200 day simple moving average is $37.80.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. As a group, sell-side analysts predict that Caesars Entertainment will post -0.58 earnings per share for the current fiscal year.

About Caesars Entertainment

(Get Free Report

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.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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