Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Rating of "Moderate Buy" from Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.43.

Several research firms recently weighed in on CZR. Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley increased their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. JMP Securities dropped their target price on Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. cut their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors have recently added to or reduced their stakes in CZR. Janus Henderson Group PLC raised its stake in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock worth $526,309,000 after buying an additional 1,983,151 shares in the last quarter. Bamco Inc. NY bought a new stake in Caesars Entertainment in the third quarter worth about $61,890,000. SG Americas Securities LLC raised its position in Caesars Entertainment by 6,568.4% in the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company's stock worth $60,102,000 after acquiring an additional 1,418,318 shares in the last quarter. Progeny 3 Inc. bought a new position in shares of Caesars Entertainment during the 3rd quarter valued at about $37,649,000. Finally, Bank of Montreal Can grew its stake in shares of Caesars Entertainment by 451.6% in the 2nd quarter. Bank of Montreal Can now owns 1,017,484 shares of the company's stock worth $40,577,000 after purchasing an additional 833,039 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Performance

Shares of CZR traded down $0.08 during mid-day trading on Friday, hitting $32.51. The stock had a trading volume of 4,113,929 shares, compared to its average volume of 4,395,915. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market cap of $6.91 billion, a PE ratio of -19.47 and a beta of 2.90. Caesars Entertainment has a fifty-two week low of $31.74 and a fifty-two week high of $47.99. The company's fifty day simple moving average is $37.35 and its two-hundred day simple moving average is $38.38.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts expect that Caesars Entertainment will post -0.56 earnings per share for the current year.

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.