Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $50.64.

CZR has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group decreased their price target on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Truist Financial decreased their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays decreased their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday.

Institutional Trading of Caesars Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its position in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares during the period. FIL Ltd acquired a new stake in Caesars Entertainment during the 4th quarter worth approximately $28,000. Huntington National Bank lifted its position in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after acquiring an additional 833 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment during the 4th quarter worth approximately $44,000. Finally, Canada Pension Plan Investment Board lifted its position in Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 800 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Stock Down 0.1 %

Shares of CZR opened at $33.22 on Friday. 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 has a one year low of $30.78 and a one year high of $45.93. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of -19.89 and a beta of 2.90. The stock has a 50 day moving average price of $34.68 and a 200 day moving average price of $37.81.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Equities research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal 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.