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

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.54.

A number of equities research analysts have commented on the company. Susquehanna reissued a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a report on Wednesday, July 31st. Barclays raised their target price on Caesars Entertainment from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $59.00 price objective on shares of Caesars Entertainment in a research report on Monday, October 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CZR. American International Group Inc. increased its stake in shares of Caesars Entertainment by 1.9% during the 4th quarter. American International Group Inc. now owns 58,711 shares of the company’s stock valued at $2,752,000 after acquiring an additional 1,072 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Caesars Entertainment by 38.5% during the 4th quarter. Wellington Management Group LLP now owns 30,276 shares of the company’s stock valued at $1,419,000 after acquiring an additional 8,410 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Caesars Entertainment by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock valued at $728,000 after acquiring an additional 580 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Caesars Entertainment during the 4th quarter valued at about $442,000. Finally, NBC Securities Inc. grew its holdings in shares of Caesars Entertainment by 57.9% during the 1st quarter. NBC Securities Inc. now owns 6,018 shares of the company’s stock worth $263,000 after purchasing an additional 2,207 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $43.69 on Friday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The stock has a fifty day moving average price of $40.40 and a 200 day moving average price of $38.14. Caesars Entertainment has a 1-year low of $31.74 and a 1-year high of $50.51. The company has a market cap of $9.46 billion, a PE ratio of 12.38 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Caesars Entertainment’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that Caesars Entertainment will post -0.16 EPS for the current year.

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.