Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $32.00 at Truist Financial

Caesars Entertainment (NASDAQ:CZR) had its price target lifted by Truist Financial from $29.00 to $32.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Citizens Jmp reduced their price target on Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 18th. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup boosted their price objective on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Jefferies Financial Group boosted their price objective on Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Hold” and an average target price of $32.93.

Caesars Entertainment Trading Down 0.0%

Shares of CZR stock opened at $27.64 on Tuesday. 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. The stock has a fifty day moving average of $25.19 and a two-hundred day moving average of $23.43. The firm has a market capitalization of $5.63 billion, a PE ratio of -11.37 and a beta of 1.87.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Caesars Entertainment will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of CZR. AQR Capital Management LLC raised its position in shares of Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after purchasing an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Caesars Entertainment by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock worth $496,000 after purchasing an additional 1,623 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Caesars Entertainment by 106.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after purchasing an additional 826,356 shares during the period. Woodline Partners LP raised its position in shares of Caesars Entertainment by 40.7% during the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after purchasing an additional 5,192 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Caesars Entertainment by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after purchasing an additional 3,198 shares during the period. 91.79% of the stock is 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.