Barclays Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $44.00

Caesars Entertainment (NASDAQ:CZR) had its price target decreased by Barclays from $54.00 to $44.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

CZR has been the topic of several other research reports. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Truist Financial cut their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Macquarie decreased their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen dropped their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued 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 target price of $45.86.

Caesars Entertainment Stock Up 1.7 %

NASDAQ:CZR opened at $27.17 on Tuesday. The firm has a market capitalization of $5.76 billion, a P/E ratio of -16.27 and a beta of 2.67. The company’s fifty day moving average price is $28.33 and its 200-day moving average price is $34.39. Caesars Entertainment has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, equities research analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Caesars Entertainment by 14.8% in the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after buying an additional 2,555,876 shares during the last quarter. Norges Bank acquired a new stake in Caesars Entertainment in the 4th quarter valued at about $75,058,000. Cohen & Steers Inc. lifted its stake in Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Caesars Entertainment during the 4th quarter worth approximately $57,629,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock valued at $71,536,000 after purchasing an additional 1,697,443 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

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.