Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Buy” by Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) have been assigned an average rating of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $117.47.

Several research analysts recently weighed in on CZR shares. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. B. Riley cut their target price on Caesars Entertainment from $191.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Bank of America cut their price objective on shares of Caesars Entertainment from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Finally, StockNews.com started coverage on shares of Caesars Entertainment in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other Caesars Entertainment news, Director Michael E. Pegram acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were bought at an average price of $68.89 per share, with a total value of $895,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 756 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $79.28, for a total transaction of $59,935.68. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Caesars Entertainment by 44.7% in the 1st quarter. First Trust Advisors LP now owns 637,174 shares of the company’s stock worth $5,537,000 after buying an additional 196,890 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Caesars Entertainment by 208.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,076 shares of the company’s stock valued at $907,000 after purchasing an additional 5,454 shares during the period. Advisor Group Holdings Inc. lifted its holdings in Caesars Entertainment by 28.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 38,057 shares of the company’s stock worth $4,273,000 after purchasing an additional 8,436 shares in the last quarter. Boston Partners boosted its stake in Caesars Entertainment by 0.7% in the 3rd quarter. Boston Partners now owns 22,036 shares of the company’s stock worth $2,474,000 after purchasing an additional 160 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in Caesars Entertainment by 40.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 670 shares of the company’s stock valued at $75,000 after buying an additional 192 shares in the last quarter. Institutional investors own 94.75% of the company’s stock.

NASDAQ:CZR opened at $67.65 on Wednesday. Caesars Entertainment has a 12 month low of $62.28 and a 12 month high of $119.81. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.02. The firm’s 50 day moving average is $74.60 and its 200 day moving average is $85.54. The stock has a market capitalization of $14.49 billion, a PE ratio of -14.04 and a beta of 2.80.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported ($2.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.65) by ($0.46). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Caesars Entertainment had a negative net margin of 10.74% and a negative return on equity of 16.61%. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.06) EPS. Research analysts predict that Caesars Entertainment will post -1.61 earnings per share for the current year.

Caesars Entertainment Company Profile (Get Rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

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