Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Moderate Buy” by Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $35.3889.

A number of equities analysts have issued reports on CZR shares. JMP Securities decreased their price objective 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. Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Citigroup initiated coverage on shares of Caesars Entertainment in a research note on Friday. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Citizens Jmp cut their price objective on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZR. Vontobel Holding Ltd. boosted its holdings in Caesars Entertainment by 2.3% in the second quarter. Vontobel Holding Ltd. now owns 15,795 shares of the company’s stock worth $448,000 after acquiring an additional 356 shares in the last quarter. UMB Bank n.a. raised its position 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 worth $30,000 after purchasing an additional 359 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Caesars Entertainment by 1.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,652 shares of the company’s stock worth $728,000 after purchasing an additional 476 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Caesars Entertainment by 35.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,809 shares of the company’s stock worth $46,000 after purchasing an additional 477 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Caesars Entertainment by 69.7% during 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 last quarter. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $21.32 on Monday. Caesars Entertainment has a fifty-two week low of $18.25 and a fifty-two week high of $40.00. The stock’s 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $25.90. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of -18.54 and a beta of 2.32.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results 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 the consensus estimate of $2.88 billion. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current fiscal 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.