Morgan Stanley Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $25.00

Caesars Entertainment (NASDAQ:CZR) had its price target cut by Morgan Stanley from $27.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 24.75% from the stock’s current price.

Several other equities research analysts have also commented on CZR. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. Wall Street Zen cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Jefferies Financial Group lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $22.00 in a report on Tuesday, November 4th. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research report on Monday, December 1st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

Caesars Entertainment Price Performance

CZR traded down $0.30 during trading on Wednesday, hitting $20.04. The company’s stock had a trading volume of 692,243 shares, compared to its average volume of 6,030,252. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -8.22, a P/E/G ratio of 78.25 and a beta of 2.03. The business’s fifty day simple moving average is $22.53 and its 200 day simple moving average is $23.28. Caesars Entertainment has a twelve month low of $17.86 and a twelve month high of $36.26.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Caesars Entertainment had a negative net margin of 4.37% and a negative return on equity of 7.97%. Caesars Entertainment’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, equities research analysts forecast that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Several hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew 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 acquiring an additional 476 shares in the last quarter. CoreCap Advisors LLC increased its stake in Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after buying an additional 488 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Caesars Entertainment by 1.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after buying an additional 493 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 510 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in Caesars Entertainment by 30.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock valued at $68,000 after buying an additional 548 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.