Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) Target Price at $50.43

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.00.

A number of equities research analysts have recently commented on CZR shares. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Jefferies Financial Group lowered their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Macquarie lowered their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. JMP Securities lowered their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Finally, Raymond James lowered their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday.

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Caesars Entertainment Price Performance

CZR traded down $0.89 during trading on Wednesday, reaching $27.36. 9,460,519 shares of the stock were exchanged, compared to its average volume of 4,400,418. The business's 50 day moving average price is $33.39 and its two-hundred day moving average price is $36.92. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of -16.38 and a beta of 2.97. Caesars Entertainment has a 1 year low of $26.42 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, equities research analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Caesars Entertainment by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock valued at $1,287,000 after buying an additional 408 shares in the last quarter. Arizona State Retirement System lifted its position in Caesars Entertainment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after buying an additional 470 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Caesars Entertainment by 6.1% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock valued at $291,000 after buying an additional 500 shares in the last quarter. Contrarian Capital Management L.L.C. lifted its position in Caesars Entertainment by 0.4% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock valued at $3,944,000 after buying an additional 500 shares in the last quarter. Finally, Fifth Lane Capital LP lifted its position in Caesars Entertainment by 6.3% during the fourth quarter. Fifth Lane Capital LP now owns 8,500 shares of the company's stock valued at $284,000 after buying an additional 500 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

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.