Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.00.

CZR has been the topic of a number of recent research reports. Raymond James Financial cut their target price on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 19th. Truist Financial cut their target price on Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Susquehanna raised their target price on Caesars Entertainment from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Capital One Financial upgraded Caesars Entertainment from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd.

Institutional Investors Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. raised its stake in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Caesars Entertainment by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock worth $1,287,000 after acquiring an additional 408 shares in the last quarter. Arizona State Retirement System raised its position in Caesars Entertainment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company’s stock worth $2,098,000 after acquiring an additional 470 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Caesars Entertainment by 35.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company’s stock worth $46,000 after acquiring an additional 477 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Caesars Entertainment by 6.1% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company’s stock worth $291,000 after acquiring an additional 500 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $28.51 on Friday. The company has a market cap of $5.93 billion, a PE ratio of -26.16, a P/E/G ratio of 1.84 and a beta of 2.31. The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $30.37. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment has a 12 month low of $21.40 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.35). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.73) EPS. Research analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current year.

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.