Barclays Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $63.00

Caesars Entertainment (NASDAQ:CZR) had its price objective trimmed by Barclays from $65.00 to $63.00 in a report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Caesars Entertainment from $72.00 to $68.00 and set an overweight rating for the company in a research note on Wednesday, February 21st. Susquehanna dropped their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. JMP Securities decreased their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating for the company in a research report on Friday. Finally, StockNews.com cut Caesars Entertainment from a buy rating to a hold rating in a report on Monday, January 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $57.73.

Caesars Entertainment Stock Up 0.6 %

CZR opened at $38.42 on Friday. Caesars Entertainment has a 1 year low of $37.71 and a 1 year high of $60.27. The firm has a 50 day moving average price of $41.63 and a 200 day moving average price of $43.55. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market cap of $8.31 billion, a PE ratio of 10.58 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts expect that Caesars Entertainment will post 1.07 earnings per share for the current year.

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caesars Entertainment

A number of large investors have recently added to or reduced their stakes in CZR. Annis Gardner Whiting Capital Advisors LLC bought a new position in Caesars Entertainment during the 3rd quarter worth $32,000. Altshuler Shaham Ltd bought a new stake in shares of Caesars Entertainment in the fourth quarter worth $45,000. Principal Securities Inc. acquired a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $46,000. Mather Group LLC. acquired a new position in Caesars Entertainment in the first quarter valued at $53,000. Finally, TFO Wealth Partners LLC lifted its stake in Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after buying an additional 1,146 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.