Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $58.00 at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price target increased by Stifel Nicolaus from $56.00 to $58.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently commented on the stock. Susquehanna reiterated a negative rating and set a $33.00 price target on shares of Caesars Entertainment in a report on Wednesday, July 31st. Morgan Stanley decreased their price target on Caesars Entertainment from $41.00 to $40.00 and set an equal weight rating for the company in a research note on Wednesday, September 4th. Jefferies Financial Group cut their price objective on Caesars Entertainment from $62.00 to $60.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on Caesars Entertainment from $53.00 to $56.00 and gave the stock an overweight rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of Caesars Entertainment from a hold rating to a sell rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned 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 $54.29.

Caesars Entertainment Price Performance

Shares of CZR stock traded up $1.17 on Wednesday, reaching $44.41. The company's stock had a trading volume of 4,994,376 shares, compared to its average volume of 4,233,960. The stock's fifty day simple moving average is $38.35 and its 200-day simple moving average is $37.95. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $50.51. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 12.59 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The company had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts forecast that Caesars Entertainment will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company's stock worth $26,000 after buying an additional 499 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Caesars Entertainment during the third quarter worth $51,000. Mather Group LLC. acquired a new stake in shares of Caesars Entertainment in the 1st quarter worth $53,000. GAMMA Investing LLC grew its stake in Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $64,000 after buying an additional 622 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Caesars Entertainment during the 4th quarter valued at about $93,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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.