Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $53.71 Average Target Price from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $52.43.

A number of equities research analysts recently commented on the company. Jefferies Financial Group decreased their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Macquarie restated an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, Stifel Nicolaus upped their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of 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 buying an additional 59,170 shares during the period. Sanctuary Advisors LLC raised its position in Caesars Entertainment by 9.8% during the third quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock worth $844,000 after acquiring an additional 1,807 shares during the period. Coldstream Capital Management Inc. purchased a new position in Caesars Entertainment during the third quarter valued at $262,000. MidWestOne Financial Group Inc. grew its position in shares of Caesars Entertainment by 59.7% in the third quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock valued at $1,745,000 after purchasing an additional 15,629 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Caesars Entertainment by 163.7% during the third quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock worth $1,086,000 after purchasing an additional 16,150 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 1.0 %

NASDAQ CZR opened at $33.05 on Friday. Caesars Entertainment has a 12-month low of $31.66 and a 12-month high of $47.99. The company has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $38.31. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market cap of $7.02 billion, a P/E ratio of -19.79 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (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 period in the previous year, the company earned $0.34 earnings per share. Caesars Entertainment’s revenue was down 4.0% on a year-over-year basis. On average, analysts forecast that Caesars Entertainment will post -0.56 earnings per share for the current year.

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.