Caesars Entertainment (NASDAQ:CZR) PT Lowered to $54.00 at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by equities researchers at Wells Fargo & Company from $67.00 to $54.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 50.50% from the stock’s previous close.

CZR has been the topic of a number of other research reports. Barclays dropped their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Truist Financial reduced their price target on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. TD Cowen reduced their price target on Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Susquehanna decreased their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.00.

Caesars Entertainment Stock Up 0.2 %

Shares of Caesars Entertainment stock traded up $0.06 during trading hours on Wednesday, hitting $35.88. The company had a trading volume of 5,930,723 shares, compared to its average volume of 3,294,102. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company’s 50-day moving average is $41.04 and its two-hundred day moving average is $43.25. The company has a market cap of $7.76 billion, a P/E ratio of 9.90 and a beta of 2.81. Caesars Entertainment has a twelve month low of $35.12 and a twelve month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. Analysts anticipate that Caesars Entertainment will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, with a total value of $621,750.00. Following the transaction, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors have recently made changes to their positions in CZR. Asset Management One Co. Ltd. increased its holdings in shares of Caesars Entertainment by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 86,041 shares of the company’s stock worth $3,988,000 after acquiring an additional 5,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Caesars Entertainment by 24.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 65,896 shares of the company’s stock valued at $3,054,000 after acquiring an additional 12,800 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Caesars Entertainment during the third quarter valued at $373,000. Bank of New York Mellon Corp boosted its stake in shares of Caesars Entertainment by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,293,853 shares of the company’s stock valued at $59,970,000 after buying an additional 40,689 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Caesars Entertainment by 10.8% during the third quarter. Mackenzie Financial Corp now owns 7,855 shares of the company’s stock valued at $354,000 after purchasing an additional 763 shares during the last quarter. 91.79% of the stock is currently owned by 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.