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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $54.14.

A number of research firms have commented on CZR. Stifel Nicolaus raised their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lowered their price objective on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Jefferies Financial Group lowered their price objective on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. 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 research note on Thursday, August 22nd. Finally, StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $40.85 on Wednesday. The firm has a market cap of $8.84 billion, a P/E ratio of 11.57 and a beta of 2.96. 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 1-year low of $31.74 and a 1-year high of $50.51. The business’s 50 day moving average is $37.07 and its 200-day moving average is $37.85.

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

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after acquiring an additional 75,898 shares in the last quarter. Capital Research Global Investors lifted its holdings in Caesars Entertainment by 26.9% during the 1st quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock worth $678,190,000 after buying an additional 3,289,748 shares during the period. Capital World Investors lifted its holdings in Caesars Entertainment by 9.1% during the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after buying an additional 916,282 shares during the period. Janus Henderson Group PLC lifted its holdings in Caesars Entertainment by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 9,616,712 shares of the company’s stock worth $420,633,000 after buying an additional 233,250 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its holdings in Caesars Entertainment by 1.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after buying an additional 60,184 shares during the period. Institutional investors and hedge funds 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.