Stifel Nicolaus Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $35.00

Caesars Entertainment (NASDAQ:CZRFree Report) had its price target reduced by Stifel Nicolaus from $36.00 to $35.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the company. Citigroup raised their target price on Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wells Fargo & Company upped their price target on Caesars Entertainment from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Citizens Jmp reduced their price objective on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, Morgan Stanley upped their target price on Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.27.

View Our Latest Research Report on CZR

Caesars Entertainment Stock Up 2.1%

Shares of NASDAQ CZR opened at $28.38 on Wednesday. The firm has a market cap of $5.78 billion, a PE ratio of -11.97 and a beta of 1.77. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $31.58. The company’s fifty day simple moving average is $26.32 and its 200 day simple moving average is $23.62. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm posted ($0.54) earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Caesars Entertainment will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds have recently added to or reduced their stakes in CZR. Fifth Third Bancorp increased its holdings in Caesars Entertainment by 490.9% during the 1st quarter. Fifth Third Bancorp now owns 37,810 shares of the company’s stock worth $999,000 after purchasing an additional 31,411 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Caesars Entertainment by 38.0% in the first quarter. HB Wealth Management LLC now owns 16,565 shares of the company’s stock valued at $438,000 after purchasing an additional 4,565 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Caesars Entertainment in the first quarter valued at approximately $562,000. Osborne Partners Capital Management LLC boosted its position in shares of Caesars Entertainment by 0.6% during the first quarter. Osborne Partners Capital Management LLC now owns 366,640 shares of the company’s stock valued at $9,690,000 after buying an additional 2,191 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in Caesars Entertainment during the first quarter worth $611,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

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About Caesars Entertainment

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Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.

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