Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Consensus Rating of “Moderate Buy” from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has received an average rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.6875.

Several equities analysts have weighed in on CZR shares. TD Cowen reaffirmed a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Citizens Jmp lowered 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 note on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Barclays cut their price target on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th.

Caesars Entertainment Stock Performance

Shares of CZR opened at $25.85 on Friday. The business has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $23.37. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17. Caesars Entertainment has a 52 week low of $17.86 and a 52 week high of $31.58. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of -10.64 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.37% and a negative return on equity of 7.97%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, analysts expect that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its stake in Caesars Entertainment by 110.6% in the 3rd 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. Mather Group LLC. bought a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its holdings in shares of 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. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Caesars Entertainment by 456.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of Caesars Entertainment during the third quarter worth $41,000. 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.