Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $23.00 at Susquehanna

Caesars Entertainment (NASDAQ:CZR) had its price target cut by Susquehanna from $30.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s target price suggests a potential downside of 8.29% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. TD Cowen cut their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. JMP Securities decreased their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Macquarie cut their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Truist Financial decreased their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.64.

Caesars Entertainment Price Performance

NASDAQ CZR traded down $0.25 during trading hours on Monday, reaching $25.08. The company’s stock had a trading volume of 672,661 shares, compared to its average volume of 4,795,875. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market cap of $5.32 billion, a PE ratio of -15.02 and a beta of 2.67. The company’s 50-day moving average is $30.36 and its two-hundred day moving average is $35.35. Caesars Entertainment has a fifty-two week low of $21.40 and a fifty-two week high of $45.93.

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

Hedge Funds Weigh In On Caesars Entertainment

A number of large investors have recently bought and sold shares of CZR. Bogart Wealth LLC increased its position in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares during the period. FIL Ltd bought a new position in shares of Caesars Entertainment during the fourth quarter worth about $28,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth about $44,000. Canada Pension Plan Investment Board lifted its position in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Caesars Entertainment during the 4th quarter valued at about $71,000. Institutional investors own 91.79% of the company’s stock.

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.