Caesars Entertainment (NASDAQ:CZR) Given New $43.00 Price Target at Jefferies Financial Group

Caesars Entertainment (NASDAQ:CZR - Get Free Report) had its price target cut by investment analysts at Jefferies Financial Group from $52.00 to $43.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price would indicate a potential upside of 32.27% from the company's previous close.

CZR has been the subject of a number of other reports. Morgan Stanley upped their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target 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. JMP Securities decreased their price target on shares of Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $52.43.

Caesars Entertainment Price Performance

Shares of CZR stock traded down $0.08 on Friday, reaching $32.51. The company's stock had a trading volume of 4,113,929 shares, compared to its average volume of 4,395,915. The company has a market capitalization of $6.91 billion, a P/E ratio of -19.47 and a beta of 2.90. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $47.99. The stock's 50 day simple moving average is $37.35 and its 200-day simple moving average is $38.38. 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 (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the business posted $0.34 EPS. The business's revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Caesars Entertainment will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several large investors have recently added to or reduced their stakes in CZR. Janus Henderson Group PLC boosted its position in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after acquiring an additional 1,983,151 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Caesars Entertainment by 1.0% during the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company's stock valued at $232,847,000 after purchasing an additional 60,184 shares in the last quarter. Helikon Investments Ltd grew its stake in Caesars Entertainment by 67.1% in the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock worth $66,264,000 after purchasing an additional 637,303 shares during the period. Bamco Inc. NY bought a new position in Caesars Entertainment in the third quarter worth $61,890,000. Finally, Principal Financial Group Inc. lifted its position in Caesars Entertainment by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock valued at $60,712,000 after buying an additional 59,170 shares during the period. 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.