Caesars Entertainment (NASDAQ:CZR) Given New $25.00 Price Target at The Goldman Sachs Group

Caesars Entertainment (NASDAQ:CZR) had its price objective trimmed by The Goldman Sachs Group from $29.00 to $25.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CZR. Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a report on Wednesday. Zacks Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Truist Financial lowered their price target on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.06.

Caesars Entertainment Stock Down 15.2%

CZR stock opened at $18.73 on Wednesday. The firm’s fifty day simple moving average is $24.89 and its 200-day simple moving average is $26.70. The company has a market capitalization of $3.90 billion, a P/E ratio of -16.29 and a beta of 2.38. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. Caesars Entertainment has a 12 month low of $18.64 and a 12 month high of $43.88.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.66%. The firm’s revenue was down .2% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. As a group, equities research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 508.5% during the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after purchasing an additional 722 shares in the last quarter. Mather Group LLC. purchased a new position in Caesars Entertainment during the third quarter valued at $28,000. UMB Bank n.a. lifted its holdings in Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after purchasing an additional 359 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 711 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after buying an additional 478 shares during the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

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.