Citigroup Issues Positive Forecast for Caesars Entertainment (NASDAQ:CZR) Stock Price

Caesars Entertainment (NASDAQ:CZR) had its target price boosted by Citigroup from $23.00 to $30.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

CZR has been the topic of several other reports. Wells Fargo & Company boosted their target price on shares of Caesars Entertainment from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Susquehanna upgraded shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. Finally, Citizens Jmp decreased their target price on shares of Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Caesars Entertainment currently has an average rating of “Hold” and an average price target of $32.73.

Caesars Entertainment Trading Up 1.4%

NASDAQ:CZR opened at $27.68 on Thursday. The stock has a fifty day moving average price of $24.78 and a two-hundred day moving average price of $23.46. The stock has a market capitalization 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 quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last issued 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). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.Caesars Entertainment’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of CZR. Hantz Financial Services Inc. lifted its stake 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 valued at $26,000 after buying an additional 510 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 shares of Caesars Entertainment during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its stake in shares of Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the period. Finally, CoreCap Advisors LLC lifted its stake 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 valued at $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 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.