Macquarie Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $33.00

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by research analysts at Macquarie from $40.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 77.04% from the stock’s previous close.

CZR has been the topic of a number of other reports. Cfra reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a report on Friday, July 11th. Susquehanna decreased 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. JPMorgan Chase & Co. decreased their price objective on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased 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. Finally, JMP Securities decreased their price objective on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating on the stock in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $39.06.

Caesars Entertainment Stock Down 0.5%

CZR stock opened at $18.64 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 6.23. The firm has a market capitalization of $3.88 billion, a PE ratio of -16.21 and a beta of 2.38. Caesars Entertainment has a 1-year low of $18.25 and a 1-year high of $41.77. The business’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $26.64.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. Caesars Entertainment had a negative return on equity of 5.76% and a negative net margin of 2.12%.The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, 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 modified their holdings of the business. JFS Wealth Advisors LLC lifted its position in shares of Caesars Entertainment by 508.5% during the 2nd 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 last quarter. Mather Group LLC. lifted its position in shares of Caesars Entertainment by 64.4% during the 1st quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Caesars Entertainment by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Caesars Entertainment by 168.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Caesars Entertainment by 69.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after buying an additional 478 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

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.