Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $53.71 Consensus Target Price from Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $52.43.

Several research analysts have issued reports on CZR shares. Barclays lowered their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Macquarie reissued an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, JMP Securities cut their target price on Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Monday, November 25th.

Hedge Funds Weigh In On Caesars Entertainment

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank raised its stake in shares of Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after purchasing an additional 833 shares during the last quarter. UMB Bank n.a. bought a new stake in Caesars Entertainment during the third quarter worth $51,000. Quarry LP purchased a new stake in Caesars Entertainment in the 3rd quarter valued at $68,000. GAMMA Investing LLC lifted its stake in Caesars Entertainment by 25.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after acquiring an additional 403 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $31.98 on Friday. The firm has a market cap of $6.80 billion, a PE ratio of -19.15 and a beta of 2.89. Caesars Entertainment has a 52 week low of $31.66 and a 52 week high of $47.99. The firm’s fifty day moving average is $36.51 and its 200-day moving average is $38.22. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts predict that Caesars Entertainment will post -0.55 earnings per share for the current year.

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.