Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $23.47 and last traded at $23.96, with a volume of 3844883 shares changing hands. The stock had previously closed at $26.27.
Analyst Ratings Changes
A number of research firms have recently issued reports on CZR. Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Susquehanna raised Caesars Entertainment from a "negative" rating to a "neutral" rating and set a $30.00 target price on the stock in a research note on Thursday, March 6th. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Barclays lowered their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Macquarie reduced their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.80.
Read Our Latest Report on CZR
Caesars Entertainment Price Performance
The company has a fifty day moving average price of $31.61 and a two-hundred day moving average price of $35.97. The firm has a market capitalization of $4.98 billion, a PE ratio of -14.08 and a beta of 2.67. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors grew its position in Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after buying an additional 2,555,876 shares during the last quarter. Norges Bank purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at about $75,058,000. Cohen & Steers Inc. raised its holdings in Caesars Entertainment by 14.8% during the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Caesars Entertainment in the 4th quarter valued at approximately $57,629,000. Finally, Assenagon Asset Management S.A. increased 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 purchasing an additional 1,697,443 shares during the period. Institutional investors and hedge funds 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.
Further Reading
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