Caesars Entertainment (NASDAQ:CZR) Given New $26.00 Price Target at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its price target upped by equities research analysts at Wells Fargo & Company from $24.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 6.17% from the stock’s current price.

Several other equities analysts have also recently issued reports on CZR. Barclays lowered their price objective on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Morgan Stanley upped their price objective on Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Citizens Jmp lowered their price objective on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.20.

Caesars Entertainment Stock Up 1.5%

Caesars Entertainment stock traded up $0.40 during trading hours on Wednesday, hitting $27.71. 717,095 shares of the stock traded hands, compared to its average volume of 5,602,441. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17. The firm’s 50-day moving average price is $26.09 and its two-hundred day moving average price is $23.56. Caesars Entertainment has a one year low of $17.86 and a one year high of $31.58. The company has a market cap of $5.64 billion, a PE ratio of -11.40 and a beta of 1.87.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm earned ($0.54) earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Caesars Entertainment will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares during the last quarter. Mather Group LLC. purchased a new stake in Caesars Entertainment during the 3rd quarter valued at $28,000. Sunbelt Securities Inc. raised its stake in Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after buying an additional 918 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Caesars Entertainment in the 3rd quarter worth $41,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Caesars Entertainment News

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Susquehanna raised its price target to $34 and put a “positive” rating on CZR, signaling meaningful upside vs current levels and supporting buyer interest. Read More.
• Positive Sentiment: Revenue beat and business trends: Caesars reported revenue of $2.87B (above the $2.84B consensus) and posted a narrower loss vs. last year, with steady Las Vegas sales and growth in regional and digital channels — factors investors view as constructive for recovery momentum. Read More.
• Neutral Sentiment: Stifel trimmed its price target slightly to $35 from $36 but kept a “buy” rating — a modestly mixed signal (lower target but continued bullish stance). Read More. Read More.
• Neutral Sentiment: Company materials and call available: the Q1 earnings presentation and full call transcript are posted (useful for investors wanting detail on segment performance, cost trends and any forward commentary). Read More. Read More.
• Negative Sentiment: Significant EPS miss: CZR reported a loss of $0.48/share vs. consensus of a $0.19 loss (a $0.29 miss). Profitability metrics remain negative (net margin and ROE), which keeps near-term earnings expectations pressured and tempers the stock’s rally. Read More.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.