Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $35.56 Consensus PT from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.5556.

A number of research firms recently issued reports on CZR. Deutsche Bank Aktiengesellschaft lowered their target price on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. The Goldman Sachs Group lowered shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.00 in a research report on Monday, December 15th. JPMorgan Chase & Co. dropped their price target on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Susquehanna upgraded shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research note on Thursday, January 8th.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $25.35 on Tuesday. Caesars Entertainment has a 12-month low of $18.25 and a 12-month high of $40.00. The business has a 50 day simple moving average of $22.97 and a 200 day simple moving average of $24.80. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -22.04, a price-to-earnings-growth ratio of 5.01 and a beta of 2.03.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. Caesars Entertainment’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities research analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. boosted its holdings in Caesars Entertainment by 2.3% in the second quarter. Vontobel Holding Ltd. now owns 15,795 shares of the company’s stock valued at $448,000 after acquiring an additional 356 shares during the last quarter. UMB Bank n.a. lifted its position in Caesars Entertainment by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after acquiring an additional 359 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Caesars Entertainment by 1.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,652 shares of the company’s stock valued at $728,000 after buying an additional 476 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Caesars Entertainment by 69.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after purchasing an additional 478 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

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.