Caesars Entertainment (NASDAQ:CZR) Given New $44.00 Price Target at Barclays

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price objective decreased by Barclays from $54.00 to $44.00 in a report issued on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities analysts also recently commented on CZR. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. JMP Securities lowered their price target on Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. Capital One Financial upgraded Caesars Entertainment from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Susquehanna dropped their price target on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Macquarie dropped their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.86.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR traded up $1.35 during trading hours on Tuesday, reaching $28.52. 1,419,846 shares of the stock traded hands, compared to its average volume of 4,882,080. The company has a market capitalization of $6.05 billion, a P/E ratio of -17.10 and a beta of 2.67. The company's 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $34.39. 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.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released 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. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Equities research analysts forecast that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

A number of large investors have recently added to or reduced their stakes in CZR. FIL Ltd purchased a new position in shares of Caesars Entertainment in the 4th quarter worth $28,000. Bogart Wealth LLC boosted its position in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $44,000. Canada Pension Plan Investment Board increased its position in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $71,000. 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.