Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $33.24

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $33.2353.

A number of research firms have commented on CZR. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. Susquehanna upgraded Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their target price for the company from $25.00 to $31.00 in a research note on Thursday, January 8th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a report on Monday, December 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CZR. Hantz Financial Services Inc. increased its position in shares of Caesars Entertainment by 110.6% during the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 510 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after acquiring an additional 918 shares during the last quarter. Mather Group LLC. bought a new position in Caesars Entertainment in the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. boosted its stake in Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after purchasing an additional 672 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after purchasing an additional 488 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Trading Down 0.6%

Shares of CZR stock opened at $26.42 on Wednesday. Caesars Entertainment has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a 50 day simple moving average of $22.60 and a two-hundred day simple moving average of $23.29. The company has a market cap of $5.38 billion, a P/E ratio of -10.87, a PEG ratio of 63.74 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. Caesars Entertainment’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

Caesars Entertainment Company Profile

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.