Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) PT at $51.36

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $51.36.

A number of brokerages have recently issued reports on CZR. Wells Fargo & Company dropped their target price on Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Barclays lowered their price target on shares of Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, December 13th. JMP Securities cut their target price on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd.

Caesars Entertainment Stock Performance

Shares of CZR traded down $0.15 during trading hours on Tuesday, reaching $36.08. 2,310,798 shares of the company traded hands, compared to its average volume of 4,565,122. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock's fifty day moving average is $35.04 and its 200 day moving average is $37.80. Caesars Entertainment has a 1-year low of $30.78 and a 1-year high of $45.93. The stock has a market cap of $7.67 billion, a P/E ratio of -21.60 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm's quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Caesars Entertainment will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company's stock worth $116,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. grew its stake in shares of Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company's stock worth $144,000 after acquiring an additional 256 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company's stock valued at $453,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company's stock worth $84,000 after purchasing an additional 403 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its holdings in Caesars Entertainment by 1.7% during the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company's stock worth $1,052,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds 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.