Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $51.00 at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price objective lowered by Stifel Nicolaus from $54.00 to $51.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Truist Financial cut their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays cut their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.36.

Caesars Entertainment Trading Up 1.2 %

NASDAQ CZR traded up $0.39 on Thursday, reaching $34.15. The company had a trading volume of 2,856,805 shares, compared to its average volume of 4,778,708. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of -20.45 and a beta of 2.90. The business has a 50 day moving average of $35.22 and a two-hundred day moving average of $37.89. Caesars Entertainment has a fifty-two week low of $30.78 and a fifty-two week high of $46.69.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS 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 the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. Analysts forecast that Caesars Entertainment will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several large investors have recently modified their holdings of CZR. Wellington Management Group LLP boosted its holdings in Caesars Entertainment by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock worth $4,734,000 after buying an additional 4,840 shares during the period. Key Colony Management LLC bought a new position in Caesars Entertainment in the 4th quarter worth approximately $6,350,000. National Bank of Canada FI boosted its holdings in Caesars Entertainment by 87.2% in the 3rd quarter. National Bank of Canada FI now owns 109,526 shares of the company's stock worth $4,572,000 after buying an additional 51,034 shares during the period. LMR Partners LLP bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $903,000. Finally, Entropy Technologies LP bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $1,300,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

About Caesars Entertainment

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.