Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) Target Price at $54.38

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $54.54.

Several equities research analysts recently weighed in on CZR shares. Jefferies Financial Group decreased their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and set a $59.00 price target on shares of Caesars Entertainment in a research note on Monday, October 14th. StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley increased their target price on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th.

Caesars Entertainment Stock Performance

Shares of CZR opened at $44.02 on Friday. The company’s 50 day simple moving average is $40.11 and its 200-day simple moving average is $38.07. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The firm has a market cap of $9.53 billion, a PE ratio of 12.47 and a beta of 2.97. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. Caesars Entertainment’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities analysts predict that Caesars Entertainment will post -0.16 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of CZR. Private Advisor Group LLC raised its position in shares of Caesars Entertainment by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares during the last quarter. Signaturefd LLC increased its position in Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Caesars Entertainment in the third quarter worth $298,000. Raymond James & Associates lifted its position in shares of Caesars Entertainment by 31.3% in the third quarter. Raymond James & Associates now owns 199,849 shares of the company’s stock valued at $8,342,000 after acquiring an additional 47,691 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Caesars Entertainment in the third quarter valued at $522,000. 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.