Caesars Entertainment (NASDAQ:CZR) Given New $60.00 Price Target at Jefferies Financial Group

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by Jefferies Financial Group from $62.00 to $60.00 in a report published on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on CZR. Susquehanna downgraded shares of Caesars Entertainment from a neutral rating to a negative rating and cut their price target for the company from $44.00 to $33.00 in a report on Monday, July 15th. TD Cowen reduced their target price on Caesars Entertainment from $53.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Raymond James started coverage on Caesars Entertainment in a report on Tuesday, May 21st. They set a strong-buy rating and a $55.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company lowered their target price on Caesars Entertainment from $54.00 to $53.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $54.14.

Caesars Entertainment Trading Down 4.6 %

CZR stock opened at $35.66 on Wednesday. Caesars Entertainment has a 1-year low of $31.74 and a 1-year high of $58.29. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 5.56. The business’s 50 day moving average is $36.91 and its 200-day moving average is $39.44. The firm has a market cap of $7.71 billion, a P/E ratio of 10.10 and a beta of 2.99.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Equities analysts anticipate that Caesars Entertainment will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael E. Pegram purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were bought at an average price of $31.96 per share, with a total value of $319,600.00. Following the purchase, the director now directly owns 191,697 shares in the company, valued at approximately $6,126,636.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Caesars Entertainment by 0.3% during the first quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock valued at $1,033,829,000 after purchasing an additional 75,898 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Caesars Entertainment by 270.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,332 shares of the company’s stock valued at $1,239,000 after buying an additional 20,692 shares during the period. Choreo LLC increased its position in shares of Caesars Entertainment by 39.1% in the 4th quarter. Choreo LLC now owns 17,678 shares of the company’s stock valued at $829,000 after buying an additional 4,970 shares in the last quarter. Strs Ohio raised its stake in Caesars Entertainment by 33.2% during the 4th quarter. Strs Ohio now owns 676,706 shares of the company’s stock worth $31,723,000 after buying an additional 168,738 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Caesars Entertainment by 881.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 25,506 shares of the company’s stock worth $1,196,000 after acquiring an additional 22,906 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

About Caesars Entertainment

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.