Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $26.00 at Jefferies Financial Group

Caesars Entertainment (NASDAQ:CZR) had its target price boosted by Jefferies Financial Group from $24.00 to $26.00 in a report released on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

CZR has been the topic of several other reports. Truist Financial reduced their price objective on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus dropped their price objective on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price target on Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Caesars Entertainment Trading Up 0.6%

NASDAQ:CZR opened at $26.70 on Monday. The stock has a fifty day moving average price of $23.84 and a two-hundred day moving average price of $23.39. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of -10.99 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 announced its quarterly earnings results 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). Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the business earned $0.05 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of Caesars Entertainment by 12.8% in the fourth quarter. Invesco Ltd. now owns 995,208 shares of the company’s stock valued at $23,278,000 after buying an additional 112,691 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $1,696,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth $484,000. State of Tennessee Department of Treasury raised its position in shares of Caesars Entertainment by 125.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 54,824 shares of the company’s stock worth $1,282,000 after purchasing an additional 30,536 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Caesars Entertainment by 202.5% during the fourth quarter. XTX Topco Ltd now owns 64,427 shares of the company’s stock worth $1,507,000 after purchasing an additional 43,126 shares during the period. Institutional investors and hedge funds 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.