Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) Target Price at $51.36

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $51.36.

A number of research firms recently weighed in on CZR. Stifel Nicolaus dropped their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JMP Securities reduced their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a report on Thursday, January 16th. Truist Financial lowered their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group reduced their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $36.23 on Tuesday. The firm’s fifty day moving average price is $35.04 and its two-hundred day moving average price is $37.80. Caesars Entertainment has a 1 year low of $30.78 and a 1 year high of $45.93. The firm has a market capitalization of $7.70 billion, a P/E ratio of -21.69 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the firm earned $0.34 EPS. Caesars Entertainment’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Caesars Entertainment will post -0.58 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. increased its holdings in 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 during the period. Helikon Investments Ltd raised its position in Caesars Entertainment by 67.1% during the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock worth $66,264,000 after purchasing an additional 637,303 shares during the last quarter. Bamco Inc. NY acquired a new position in Caesars Entertainment during the 3rd quarter worth about $61,890,000. Finally, Principal Financial Group Inc. grew its position in shares of Caesars Entertainment by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after buying an additional 59,170 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

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.