Caesars Entertainment (NASDAQ:CZR) Given New $57.00 Price Target at JPMorgan Chase & Co.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $58.00 to $57.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 75.33% from the stock's current price.

A number of other research analysts also recently commented on the stock. 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 lowered their price objective on Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating for the company in a research note on Monday, November 25th. StockNews.com raised Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Macquarie restated an "outperform" rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.43.

Caesars Entertainment Price Performance

CZR traded down $0.08 during trading on Friday, hitting $32.51. 4,113,929 shares of the company traded hands, compared to its average volume of 4,395,915. The company has a current ratio of 0.84, a quick ratio of 0.82 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. The stock's 50-day simple moving average is $37.35 and its two-hundred day simple moving average is $38.38. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $47.99.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position 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 purchasing an additional 1,983,151 shares during the period. Bamco Inc. NY bought a new position in Caesars Entertainment in the third quarter worth approximately $61,890,000. SG Americas Securities LLC lifted its holdings in Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company's stock worth $60,102,000 after buying an additional 1,418,318 shares during the period. Progeny 3 Inc. bought a new stake in Caesars Entertainment during the 3rd quarter valued at $37,649,000. Finally, Bank of Montreal Can increased its holdings 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 valued at $40,577,000 after acquiring an additional 833,039 shares during the period. 91.79% of the stock is owned by institutional investors.

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.