Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $25.94 and last traded at $25.93, with a volume of 1408830 shares trading hands. The stock had previously closed at $27.01.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CZR shares. TD Cowen reduced their target price on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Macquarie lowered their target price on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced 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. Truist Financial dropped their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Susquehanna raised shares of Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 price objective on the stock in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.
Get Our Latest Stock Report on CZR
Caesars Entertainment Price Performance
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 simple moving average of $32.42 and a two-hundred day simple moving average of $36.42. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of -14.87 and a beta of 2.97.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly 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 analyst estimates of $2.81 billion. As a group, equities research analysts forecast that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.
Hedge Funds Weigh In On Caesars Entertainment
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $28,000. Bogart Wealth LLC lifted its holdings in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after purchasing an additional 800 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Caesars Entertainment during the fourth quarter worth $44,000. Canada Pension Plan Investment Board boosted its position in Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after purchasing an additional 800 shares during the period. Finally, Quarry LP acquired a new position in shares of Caesars Entertainment in the third quarter valued at $68,000. Institutional investors own 91.79% of the company's stock.
About Caesars Entertainment
(
Get Free Report)
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.
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