Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $39.06 Consensus Target Price from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.0588.

CZR has been the subject of a number of research reports. JMP Securities reduced their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a research report on Friday, October 17th. Cfra reissued a “hold” rating and set a $50.00 price objective on shares of Caesars Entertainment in a report on Friday, July 11th. The Goldman Sachs Group reduced their price objective on Caesars Entertainment from $29.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZR. JFS Wealth Advisors LLC boosted its holdings in Caesars Entertainment by 508.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after buying an additional 722 shares during the period. Mather Group LLC. boosted its holdings in shares of Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after acquiring an additional 405 shares during the period. UMB Bank n.a. boosted its holdings in shares of Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after acquiring an additional 359 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 711 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $33,000 after acquiring an additional 478 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Up 1.7%

Shares of NASDAQ:CZR opened at $20.45 on Thursday. The company has a market capitalization of $4.17 billion, a PE ratio of -17.78 and a beta of 2.32. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The business has a fifty day moving average price of $24.50 and a two-hundred day moving average price of $26.60. Caesars Entertainment has a 1 year low of $18.25 and a 1 year high of $41.76.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. Caesars Entertainment’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. Analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

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.