Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $54.00 Consensus PT from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $54.00.

CZR has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Susquehanna reiterated a “negative” rating and issued a $33.00 price target on shares of Caesars Entertainment in a research report on Wednesday, July 31st. Barclays cut their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $59.00 target price on shares of Caesars Entertainment in a report on Monday, October 14th. Finally, Macquarie reissued an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th.

Caesars Entertainment Stock Down 1.3 %

Shares of Caesars Entertainment stock opened at $36.54 on Thursday. Caesars Entertainment has a twelve month low of $31.74 and a twelve month high of $50.51. 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 company’s 50 day moving average is $41.58 and its 200 day moving average is $38.31. The company has a market cap of $7.76 billion, a price-to-earnings ratio of -21.88 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Research analysts anticipate that Caesars Entertainment will post -0.54 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. purchased a new stake in shares of Caesars Entertainment in the third quarter worth about $262,000. MidWestOne Financial Group Inc. raised its holdings in shares of Caesars Entertainment by 59.7% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock worth $1,745,000 after acquiring an additional 15,629 shares in the last quarter. M&T Bank Corp boosted its position in shares of Caesars Entertainment by 163.7% during the 3rd quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock valued at $1,086,000 after acquiring an additional 16,150 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Caesars Entertainment by 251.3% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 25,410 shares of the company’s stock valued at $1,061,000 after purchasing an additional 18,176 shares in the last quarter. Finally, Luxor Capital Group LP bought a new stake in Caesars Entertainment in the third quarter worth $14,524,000. Institutional investors own 91.79% of the company’s stock.

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.