Stifel Nicolaus Increases Caesars Entertainment (NASDAQ:CZR) Price Target to $58.00

Caesars Entertainment (NASDAQ:CZR) had its target price boosted by Stifel Nicolaus from $56.00 to $58.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley reduced their price objective on shares of Caesars Entertainment from $41.00 to $40.00 and set an equal weight rating for the company in a research report on Wednesday, September 4th. Susquehanna reaffirmed a negative rating and set a $33.00 price target on shares of Caesars Entertainment in a research report on Wednesday, July 31st. JMP Securities lifted their price objective on shares of Caesars Entertainment from $58.00 to $59.00 and gave the stock a market outperform rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of Caesars Entertainment from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group dropped their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a buy rating for the company in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $54.54.

Caesars Entertainment Trading Up 2.1 %

CZR stock opened at $44.51 on Wednesday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The company has a fifty day moving average price of $38.74 and a two-hundred day moving average price of $38.02. Caesars Entertainment has a one year low of $31.74 and a one year high of $50.51. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 12.61 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last released 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 period last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Caesars Entertainment will post -0.16 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several large investors have recently made changes to their positions in the company. American Trust boosted its position in shares of Caesars Entertainment by 4.5% during the 1st quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after acquiring an additional 313 shares in the last quarter. GAMMA Investing LLC boosted its position in Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares in the last quarter. Blue Trust Inc. boosted its position in Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after buying an additional 499 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Caesars Entertainment by 2.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after buying an additional 511 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Caesars Entertainment by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock valued at $728,000 after buying an additional 580 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.