Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Target Price at $54.14

Caesars Entertainment, Inc. (NASDAQ:CZR) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $54.14.

A number of analysts recently weighed in on the stock. Susquehanna reiterated a “negative” rating and set a $33.00 price target on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price objective on shares of Caesars Entertainment from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. 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 report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

Institutional Trading of Caesars Entertainment

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Caesars Entertainment by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock valued at $728,000 after buying an additional 580 shares during the period. Assetmark Inc. lifted its position in Caesars Entertainment by 25.2% during the 4th quarter. Assetmark Inc. now owns 3,397 shares of the company’s stock valued at $159,000 after purchasing an additional 684 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Caesars Entertainment by 8.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,421 shares of the company’s stock valued at $2,739,000 after purchasing an additional 4,787 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Caesars Entertainment by 41.9% during the 4th quarter. Hsbc Holdings PLC now owns 411,286 shares of the company’s stock worth $19,425,000 after buying an additional 121,505 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Caesars Entertainment by 84.8% during the fourth quarter. TD Asset Management Inc now owns 489,577 shares of the company’s stock worth $22,951,000 after buying an additional 224,629 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Trading Down 2.3 %

Shares of CZR opened at $40.80 on Wednesday. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $50.51. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. The stock has a market cap of $8.83 billion, a PE ratio of 11.56 and a beta of 2.96. The firm’s fifty day moving average is $37.40 and its two-hundred day moving average is $37.84.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.68). The company 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%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts forecast that Caesars Entertainment will post -0.02 earnings per share for the current fiscal 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.