Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $33.27 Average Price Target from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.2667.

CZR has been the topic of several recent analyst reports. Citigroup increased their target price on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. reduced their target price on Caesars Entertainment from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Stifel Nicolaus reduced their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position in Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Caesars Entertainment by 456.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after purchasing an additional 918 shares during the period. Sunbelt Securities Inc. raised its position in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after purchasing an additional 672 shares during the period. CoreCap Advisors LLC raised its position in Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the period. Finally, Stance Capital LLC purchased a new position in Caesars Entertainment in the third quarter valued at about $43,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Trading Up 2.0%

Shares of Caesars Entertainment stock opened at $28.47 on Monday. Caesars Entertainment has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The firm has a market cap of $5.80 billion, a PE ratio of -12.01 and a beta of 1.77. The business’s fifty day moving average is $27.21 and its two-hundred day moving average is $24.21. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the company earned ($0.54) EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Caesars Entertainment will post -0.36 earnings per share for the current year.

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.