Morgan Stanley Boosts Caesars Entertainment (NASDAQ:CZR) Price Target to $42.00

Caesars Entertainment (NASDAQ:CZR - Get Free Report) had its target price lifted by research analysts at Morgan Stanley from $40.00 to $42.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential downside of 4.59% from the stock's current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Barclays boosted their price target on shares of Caesars Entertainment from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Stifel Nicolaus upped their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Jefferies Financial Group decreased their price objective on Caesars Entertainment from $62.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Finally, Susquehanna restated a "negative" rating and set a $33.00 target price on shares of Caesars Entertainment in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.54.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR traded up $0.22 on Tuesday, hitting $44.02. The company's stock had a trading volume of 2,474,072 shares, compared to its average volume of 4,156,181. The company has a market capitalization of $9.53 billion, a PE ratio of 12.47 and a beta of 2.97. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The company has a 50-day simple moving average of $39.94 and a 200 day simple moving average of $38.06. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $50.51.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 2.44% and a negative return on equity of 2.57%. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. Sell-side analysts forecast that Caesars Entertainment will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in shares of Caesars Entertainment by 26.9% during the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company's stock valued at $678,190,000 after purchasing an additional 3,289,748 shares in the last quarter. Nut Tree Capital Management LP boosted its holdings in shares of Caesars Entertainment by 340.0% during the 1st quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company's stock valued at $96,228,000 after buying an additional 1,700,000 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Caesars Entertainment by 35.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company's stock valued at $253,651,000 after buying an additional 1,515,763 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Caesars Entertainment by 6,568.4% in the 3rd quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company's stock worth $60,102,000 after acquiring an additional 1,418,318 shares in the last quarter. Finally, Helikon Investments Ltd purchased a new position in Caesars Entertainment during the 2nd quarter valued at about $37,763,000. 91.79% of the stock is currently owned by 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.