Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.0588.

Several research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial cut their price objective on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Caesars Entertainment from $29.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a research note on Wednesday.

Institutional Trading of Caesars Entertainment

Institutional investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its holdings in shares of Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after buying an additional 722 shares during the period. Mather Group LLC. increased its stake in Caesars Entertainment by 64.4% in the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares during the period. UMB Bank n.a. lifted its position in Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after purchasing an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after purchasing an additional 478 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of CZR opened at $18.73 on Thursday. The stock has a 50-day moving average price of $24.89 and a 200-day moving average price of $26.70. The company has a market cap of $3.90 billion, a PE ratio of -16.29 and a beta of 2.38. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. Caesars Entertainment has a 12-month low of $18.64 and a 12-month high of $43.88.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Caesars Entertainment had a negative return on equity of 5.66% and a negative net margin of 2.12%.Caesars Entertainment’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

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.