Caesars Entertainment (NASDAQ:CZR) Given New $35.00 Price Target at TD Cowen

Caesars Entertainment (NASDAQ:CZR) had its price objective decreased by TD Cowen from $40.00 to $35.00 in a research note released on Wednesday morning, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citizens Jmp reduced 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 research report on Wednesday, October 29th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. Truist Financial cut their target price on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.61.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $23.53 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. The company has a 50-day moving average price of $23.29 and a 200-day moving average price of $24.61. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -20.46, a price-to-earnings-growth ratio of 4.87 and a beta of 2.03. Caesars Entertainment has a 12 month low of $18.25 and a 12 month high of $40.00.

Caesars Entertainment (NASDAQ:CZR) last posted 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 business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new stake in Caesars Entertainment in the 2nd quarter worth about $592,000. Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 103.5% in the second quarter. Assenagon Asset Management S.A. now owns 166,209 shares of the company’s stock worth $4,719,000 after acquiring an additional 84,545 shares during the period. Amundi grew its stake in shares of Caesars Entertainment by 82.1% in the second quarter. Amundi now owns 2,025,951 shares of the company’s stock worth $60,049,000 after acquiring an additional 913,275 shares during the period. LDR Capital Management LLC purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $1,172,000. Finally, State of Alaska Department of Revenue lifted its position in Caesars Entertainment by 348.6% during the third quarter. State of Alaska Department of Revenue now owns 104,656 shares of the company’s stock valued at $2,828,000 after purchasing an additional 81,325 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.