Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $49.00 by Analysts at Raymond James

Caesars Entertainment (NASDAQ:CZR - Get Free Report) had its target price dropped by equities research analysts at Raymond James from $55.00 to $49.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "strong-buy" rating on the stock. Raymond James' price objective suggests a potential upside of 79.09% from the company's current price.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company decreased their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Susquehanna upgraded Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price target for the company in a report on Thursday, March 6th. Jefferies Financial Group decreased their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Finally, TD Cowen decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.00.

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Caesars Entertainment Trading Down 3.2 %

NASDAQ CZR traded down $0.89 on Wednesday, reaching $27.36. The company had a trading volume of 9,460,519 shares, compared to its average volume of 4,410,852. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -16.38 and a beta of 2.97. Caesars Entertainment has a fifty-two week low of $26.42 and a fifty-two week high of $45.93. The business has a 50 day moving average of $33.39 and a two-hundred day moving average of $36.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion during 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%. Analysts forecast that Caesars Entertainment will post -0.77 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently added to or reduced their stakes in CZR. Atria Investments Inc lifted its position in Caesars Entertainment by 27.4% in the 3rd quarter. Atria Investments Inc now owns 7,919 shares of the company's stock valued at $331,000 after acquiring an additional 1,703 shares in the last quarter. Huntington National Bank lifted its position in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after buying an additional 833 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Caesars Entertainment by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 30,217 shares of the company's stock worth $1,261,000 after buying an additional 2,263 shares in the last quarter. Quest Partners LLC lifted its position in shares of Caesars Entertainment by 528,000.0% during the 3rd quarter. Quest Partners LLC now owns 5,281 shares of the company's stock worth $220,000 after buying an additional 5,280 shares in the last quarter. Finally, LMR Partners LLP bought a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $903,000. Institutional investors 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.