Deutsche Bank Aktiengesellschaft Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $59.00

Caesars Entertainment (NASDAQ:CZRFree Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from $62.00 to $59.00 in a research report sent to investors on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a research report on Tuesday, April 9th. JMP Securities restated a market outperform rating and set a $65.00 target price on shares of Caesars Entertainment in a research report on Wednesday, February 21st. Barclays decreased their target price on shares of Caesars Entertainment from $67.00 to $65.00 and set an overweight rating for the company in a research report on Wednesday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating for the company in a research report on Tuesday, January 9th. Finally, Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a research report on Thursday, January 18th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $58.18.

Get Our Latest Report on Caesars Entertainment

Caesars Entertainment Price Performance

Shares of CZR opened at $40.22 on Friday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 11.08 and a beta of 2.81. Caesars Entertainment has a twelve month low of $38.33 and a twelve month high of $60.27. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The company has a 50 day moving average of $42.17 and a two-hundred day moving average of $43.79.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts predict that Caesars Entertainment will post 1.14 earnings per share for the current fiscal year.

Insider Transactions at Caesars Entertainment

In related news, Director Michael E. Pegram bought 15,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Caesars Entertainment

Several hedge funds have recently made changes to their positions in CZR. Federated Hermes Inc. boosted its position in shares of Caesars Entertainment by 26.4% during the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock worth $2,057,000 after purchasing an additional 9,270 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after buying an additional 77,595 shares during the period. GSA Capital Partners LLP purchased a new position in Caesars Entertainment in the 3rd quarter valued at approximately $2,259,000. Assenagon Asset Management S.A. boosted its position in Caesars Entertainment by 1,029.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock valued at $11,998,000 after buying an additional 233,271 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in Caesars Entertainment in the 3rd quarter valued at approximately $3,692,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

(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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