Caesars Entertainment (NASDAQ:CZR) Stock Price Expected to Rise, Susquehanna Analyst Says

Caesars Entertainment (NASDAQ:CZR) had its target price boosted by research analysts at Susquehanna from $23.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 2.94% from the stock’s previous close.

CZR has been the subject of a number of other reports. Macquarie reduced their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $45.00 price target on shares of Caesars Entertainment in a research note on Wednesday. Raymond James lowered their price objective on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Truist Financial reduced their target price on shares of Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.64.

Caesars Entertainment Trading Up 0.5 %

CZR opened at $27.20 on Wednesday. Caesars Entertainment has a twelve month low of $21.40 and a twelve month high of $45.93. The firm has a market cap of $5.77 billion, a PE ratio of -16.29 and a beta of 2.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm’s fifty day moving average is $27.39 and its two-hundred day moving average is $33.82.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business posted ($0.73) EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. increased its stake in Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares during the last quarter. FIL Ltd acquired a new position in shares of Caesars Entertainment during the 4th quarter worth $28,000. Allworth Financial LP lifted its position in shares of Caesars Entertainment by 97.8% during the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after buying an additional 662 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Caesars Entertainment during the 4th quarter worth $44,000. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

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.