Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $30.57 and last traded at $30.17, with a volume of 171244 shares traded. The stock had previously closed at $31.47.
Analysts Set New Price Targets
CZR has been the subject of several recent analyst reports. JMP Securities dropped their price objective on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. TD Cowen dropped their target price on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Barclays lowered their price objective on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.43.
View Our Latest Stock Analysis on Caesars Entertainment
Caesars Entertainment Stock Down 1.5 %
The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock has a 50 day simple moving average of $34.47 and a 200 day simple moving average of $37.64. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -17.05 and a beta of 2.97.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS 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 analysts' expectations of $2.81 billion. As a group, analysts expect that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Caesars Entertainment
A number of hedge funds have recently added to or reduced their stakes in CZR. Bogart Wealth LLC grew its stake in Caesars Entertainment by 1,777.8% in the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares during the period. FIL Ltd purchased a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $28,000. Huntington National Bank boosted its position in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company's stock valued at $36,000 after buying an additional 833 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $44,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Caesars Entertainment by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after buying an additional 800 shares during the last quarter. 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.
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