Jefferies Financial Group Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $43.00

Caesars Entertainment (NASDAQ:CZR) had its target price trimmed by Jefferies Financial Group from $52.00 to $43.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Barclays cut their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Finally, Macquarie reissued an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.43.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $32.51 on Friday. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of -19.47 and a beta of 2.90. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $47.99. The company has a 50-day simple moving average of $37.35 and a 200 day simple moving average of $38.39.

Caesars Entertainment (NASDAQ:CZR) last posted 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). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Caesars Entertainment’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, sell-side analysts predict that Caesars Entertainment will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently modified their holdings of CZR. Janus Henderson Group PLC raised its position in Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in Caesars Entertainment by 1.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock valued at $232,847,000 after buying an additional 60,184 shares during the last quarter. Helikon Investments Ltd raised its holdings in Caesars Entertainment by 67.1% in the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock valued at $66,264,000 after buying an additional 637,303 shares during the last quarter. Bamco Inc. NY acquired a new stake in Caesars Entertainment during the 3rd quarter worth approximately $61,890,000. Finally, Principal Financial Group Inc. grew its holdings in Caesars Entertainment by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock worth $60,712,000 after acquiring an additional 59,170 shares during 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.