Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Recommendation of “Moderate Buy” by Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.71.

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Macquarie restated an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. JMP Securities cut their price target on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target 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.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $37.01 on Monday. 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 50-day moving average price of $40.58 and a 200 day moving average price of $38.59. The firm has a market capitalization of $7.86 billion, a PE ratio of -22.16 and a beta of 2.89. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly 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 company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm earned $0.34 EPS. Caesars Entertainment’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that Caesars Entertainment will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after acquiring an additional 248 shares during the last quarter. Assetmark Inc. lifted its holdings in Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after acquiring an additional 256 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after acquiring an additional 317 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after purchasing an additional 403 shares during the period. Finally, Fiduciary Family Office LLC lifted its stake in Caesars Entertainment by 1.7% in the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after buying an additional 424 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.