Citizens Jmp Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $37.00

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by Citizens Jmp from $40.00 to $37.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 98.50% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CZR. Morgan Stanley lowered their price objective on Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Susquehanna lowered their price objective on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Macquarie lowered their price objective on Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $18.64 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. Caesars Entertainment has a 52 week low of $18.25 and a 52 week high of $41.77. The stock has a market capitalization of $3.88 billion, a PE ratio of -16.21 and a beta of 2.38. The stock’s 50-day moving average price is $24.76 and its 200-day moving average price is $26.64.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts expect that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CZR. JFS Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after acquiring an additional 722 shares during the last quarter. Mather Group LLC. lifted its holdings 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. UMB Bank n.a. lifted its holdings 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 acquiring an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after acquiring an additional 478 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.