Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.2353.

Several equities analysts have commented on CZR shares. Stifel Nicolaus cut their price objective on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 price target on the stock. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th.

Hedge Funds Weigh In On Caesars Entertainment

Several institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after buying an additional 918 shares during the period. Mather Group LLC. purchased a new position in Caesars Entertainment during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its stake in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after buying an additional 672 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $25.03 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17. Caesars Entertainment has a 12 month low of $17.86 and a 12 month high of $31.58. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -10.30, a PEG ratio of 338.46 and a beta of 1.94. The firm’s 50-day moving average is $22.50 and its 200 day moving average is $23.25.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that Caesars Entertainment will post -0.77 EPS for the current year.

About Caesars Entertainment

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.