JMP Securities Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $57.00

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by stock analysts at JMP Securities from $59.00 to $57.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 47.78% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Susquehanna restated a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Macquarie reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.

Caesars Entertainment Stock Up 2.6 %

NASDAQ:CZR traded up $0.97 during trading hours on Monday, reaching $38.57. The company had a trading volume of 255,330 shares, compared to its average volume of 4,116,025. Caesars Entertainment has a twelve month low of $31.74 and a twelve 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 firm has a market cap of $8.20 billion, a price-to-earnings ratio of -23.10 and a beta of 2.96. The business’s 50-day simple moving average is $41.63 and its two-hundred day simple moving average is $38.35.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS 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 firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect that Caesars Entertainment will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its position in Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after acquiring an additional 499 shares during the last quarter. Huntington National Bank grew its holdings in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares during the last quarter. UMB Bank n.a. purchased a new position in Caesars Entertainment in the 3rd quarter worth $51,000. GAMMA Investing LLC lifted its stake in Caesars Entertainment by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 622 shares during the last quarter. Finally, Quarry LP bought a new stake in Caesars Entertainment in the third quarter worth $68,000. 91.79% of the stock is currently owned by institutional investors.

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.