Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $45.00 at JMP Securities

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by JMP Securities from $53.00 to $45.00 in a report published on Thursday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other research analysts have also issued reports about the company. Capital One Financial raised Caesars Entertainment from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. Barclays reduced their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley cut their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Raymond James reduced their price objective on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Caesars Entertainment Stock Performance

Shares of CZR opened at $25.52 on Thursday. The company has a 50-day moving average of $29.50 and a two-hundred day moving average of $34.98. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -15.28 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment has a one year low of $21.40 and a one year high of $45.93.

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

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC grew its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock valued at $844,000 after buying an additional 1,807 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after acquiring an additional 59,170 shares during the period. Czech National Bank grew its position in shares of Caesars Entertainment by 4.6% in the fourth quarter. Czech National Bank now owns 46,079 shares of the company’s stock valued at $1,540,000 after purchasing an additional 2,009 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the period. Finally, Key Colony Management LLC acquired a new position in shares of Caesars Entertainment during the 4th quarter worth about $6,350,000. Institutional investors own 91.79% of the company’s stock.

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.