Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $49.14 Consensus PT from Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.64.

A number of analysts have recently weighed in on the stock. Raymond James dropped their target price 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, March 19th. Stifel Nicolaus decreased their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Capital One Financial upgraded shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $51.00 to $47.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, Barclays lowered their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Caesars Entertainment by 6.5% in the first quarter. Fifth Third Bancorp now owns 16,279 shares of the company's stock worth $407,000 after buying an additional 999 shares in the last quarter. GAMMA Investing LLC raised its holdings in Caesars Entertainment by 106.8% in the 1st quarter. GAMMA Investing LLC now owns 3,987 shares of the company's stock worth $100,000 after acquiring an additional 2,059 shares during the last quarter. Yousif Capital Management LLC lifted its position in Caesars Entertainment by 5.5% in the 1st quarter. Yousif Capital Management LLC now owns 19,661 shares of the company's stock valued at $492,000 after acquiring an additional 1,032 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in Caesars Entertainment by 82.7% during the 1st quarter. Chesley Taft & Associates LLC now owns 40,355 shares of the company's stock valued at $1,009,000 after purchasing an additional 18,263 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of Caesars Entertainment by 111,975.0% in the 1st quarter. NBC Securities Inc. now owns 4,483 shares of the company's stock worth $112,000 after purchasing an additional 4,479 shares in the last quarter. Institutional investors own 91.79% of the company's stock.

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Caesars Entertainment Trading Down 0.8 %

CZR stock traded down $0.21 during trading on Friday, hitting $25.07. 3,112,084 shares of the company traded hands, compared to its average volume of 4,797,779. 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 company has a 50-day moving average of $30.14 and a 200-day moving average of $35.23. The firm has a market capitalization of $5.32 billion, a PE ratio of -15.01 and a beta of 2.67. Caesars Entertainment has a 1 year low of $21.40 and a 1 year high of $45.93.

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