Caesars Entertainment (NASDAQ:CZR - Free Report) had its price target reduced by Morgan Stanley from $30.00 to $29.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other equities analysts also recently commented on CZR. JMP Securities cut their price objective on shares of 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. JPMorgan Chase & Co. dropped their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Macquarie decreased their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Susquehanna reduced their target price on Caesars Entertainment from $30.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Truist Financial cut their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.14.
View Our Latest Report on Caesars Entertainment
Caesars Entertainment Stock Performance
Shares of Caesars Entertainment stock traded down $0.51 during trading on Wednesday, reaching $25.00. The company's stock had a trading volume of 5,987,609 shares, compared to its average volume of 4,828,524. Caesars Entertainment has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a market cap of $5.30 billion, a PE ratio of -14.97 and a beta of 2.67. The company has a 50-day moving average price of $29.30 and a two-hundred day moving average price of $34.75.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.81 billion. On average, analysts forecast that Caesars Entertainment will post -0.77 EPS for the current year.
Hedge Funds Weigh In On Caesars Entertainment
Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its position in Caesars Entertainment by 9.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company's stock worth $844,000 after purchasing an additional 1,807 shares in the last quarter. Principal Financial Group Inc. boosted 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 worth $60,712,000 after acquiring an additional 59,170 shares during the last quarter. Czech National Bank raised its holdings in Caesars Entertainment by 4.6% in the 4th quarter. Czech National Bank now owns 46,079 shares of the company's stock valued at $1,540,000 after acquiring an additional 2,009 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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. Finally, Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at $6,350,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
Caesars Entertainment Company Profile
(
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
Before you consider Caesars Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caesars Entertainment wasn't on the list.
While Caesars Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
