Caesars Entertainment (NASDAQ:CZR) PT Lowered to $70.00

Caesars Entertainment (NASDAQ:CZRGet Free Report) had its price objective lowered by equities research analysts at Stifel Nicolaus from $80.00 to $70.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 72.29% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Capital One Financial initiated coverage on shares of Caesars Entertainment in a research report on Thursday, October 12th. They set an “equal weight” rating and a $51.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Caesars Entertainment from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Truist Financial dropped their price target on shares of Caesars Entertainment from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America increased their price objective on Caesars Entertainment from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised Caesars Entertainment from a “d” rating to a “c-” rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.82.

Check Out Our Latest Report on Caesars Entertainment

Caesars Entertainment Stock Up 2.9 %

Shares of NASDAQ:CZR opened at $40.63 on Wednesday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 12.43 and a beta of 2.91. Caesars Entertainment has a 12-month low of $38.33 and a 12-month high of $60.27. The business has a 50-day moving average price of $47.13 and a 200 day moving average price of $48.39. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 2.67.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Caesars Entertainment had a net margin of 6.16% and a return on equity of 6.21%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company posted $0.24 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Caesars Entertainment will post 1.42 EPS for the current year.

Insider Buying and Selling

In related news, CAO Stephanie Lepori sold 33,282 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $51.70, for a total transaction of $1,720,679.40. Following the sale, the chief accounting officer now owns 41,910 shares of the company’s stock, valued at $2,166,747. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Caesars Entertainment

Several hedge funds have recently added to or reduced their stakes in CZR. Hexagon Capital Partners LLC lifted its position in shares of Caesars Entertainment by 5,000.0% in the first quarter. Hexagon Capital Partners LLC now owns 510 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. PSI Advisors LLC acquired a new stake in shares of Caesars Entertainment during the 2nd quarter worth about $35,000. Ameritas Advisory Services LLC purchased a new stake in shares of Caesars Entertainment during the first quarter worth about $37,000. Garda Capital Partners LP acquired a new position in shares of Caesars Entertainment in the first quarter valued at approximately $37,000. Finally, Aspire Private Capital LLC raised its position in shares of Caesars Entertainment by 228.7% in the first quarter. Aspire Private Capital LLC now owns 1,318 shares of the company’s stock valued at $64,000 after buying an additional 917 shares during the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Company Profile

(Get Free Report)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.

See Also

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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