Susquehanna Issues Pessimistic Forecast for Caesars Entertainment (NASDAQ:CZR) Stock Price

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price objective cut by Susquehanna from $30.00 to $23.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently weighed in on CZR. Barclays lowered their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company decreased their target price on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Capital One Financial raised 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. Finally, Raymond James decreased their price objective on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.14.

Caesars Entertainment Stock Up 3.1 %

Shares of NASDAQ CZR traded up $0.77 during midday trading on Monday, hitting $25.52. The stock had a trading volume of 3,721,128 shares, compared to its average volume of 4,816,045. The business's 50 day moving average is $29.30 and its 200-day moving average is $34.87. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a 52 week low of $21.40 and a 52 week high of $45.93. The company has a market cap of $5.41 billion, a P/E ratio of -15.28 and a beta of 2.67.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its position in shares of Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after buying an additional 2,555,876 shares in the last quarter. Norges Bank purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $75,058,000. Cohen & Steers Inc. increased its stake in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Caesars Entertainment in the 4th quarter worth $57,629,000. Finally, Assenagon Asset Management S.A. lifted its position in Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after acquiring an additional 1,697,443 shares during the period. Hedge funds and other 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.