Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $35.00 at JPMorgan Chase & Co.

Caesars Entertainment (NASDAQ:CZR) had its price target reduced by JPMorgan Chase & Co. from $36.00 to $35.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently commented on CZR. Morgan Stanley raised their target price on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Citigroup raised their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company raised their target price on shares of Caesars Entertainment from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.73.

Caesars Entertainment Stock Performance

Shares of CZR opened at $27.68 on Thursday. Caesars Entertainment has a one year low of $17.86 and a one year high of $31.58. The company has a 50-day moving average of $24.78 and a two-hundred day moving average of $23.46. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of -11.39 and a beta of 1.87. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78.

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

Institutional Trading of Caesars Entertainment

Several institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC boosted its holdings in shares of 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 purchasing an additional 488 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Caesars Entertainment by 1.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after purchasing an additional 493 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Caesars Entertainment by 110.6% during the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Caesars Entertainment by 3.5% during the second quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock worth $459,000 after purchasing an additional 549 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Caesars Entertainment by 1.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,008 shares of the company’s stock worth $959,000 after purchasing an additional 562 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.