The Goldman Sachs Group Has Lowered Expectations for Caesars Entertainment (NASDAQ:CZR) Stock Price

Caesars Entertainment (NASDAQ:CZR) had its price objective reduced by equities researchers at The Goldman Sachs Group from $29.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 34.12% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Citizens Jmp dropped their target price on Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a report on Wednesday. JMP Securities dropped their target price on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating for the company in a report on Friday, October 17th. Cfra reissued a “hold” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Friday, July 11th. Truist Financial dropped their target price on Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays decreased their price target on Caesars Entertainment from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

Caesars Entertainment Trading Down 0.5%

Caesars Entertainment stock opened at $18.64 on Wednesday. The business has a 50 day moving average price of $24.76 and a two-hundred day moving average price of $26.64. The company has a quick ratio of 0.81, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -16.21 and a beta of 2.38. Caesars Entertainment has a 12 month low of $18.25 and a 12 month high of $41.77.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its position in Caesars Entertainment by 508.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after buying an additional 722 shares during the last quarter. Mather Group LLC. bought a new position in Caesars Entertainment in the 3rd quarter valued at $28,000. UMB Bank n.a. lifted its stake in shares of Caesars Entertainment by 52.0% in the 2nd 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 period. Farther Finance Advisors LLC lifted its stake in shares of Caesars Entertainment by 168.5% in the 2nd 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 period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Caesars Entertainment by 69.7% in the 2nd 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 institutional investors.

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.