Caesars Entertainment (NASDAQ:CZR - Free Report) had its price objective trimmed by Barclays from $59.00 to $57.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.
CZR has been the subject of several other reports. Susquehanna reissued a "negative" rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday. Stifel Nicolaus increased 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. StockNews.com cut shares of Caesars Entertainment from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Finally, Morgan Stanley upped their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has given 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.00.
View Our Latest Research Report on Caesars Entertainment
Caesars Entertainment Price Performance
Shares of Caesars Entertainment stock traded down $3.72 on Wednesday, hitting $41.57. The company had a trading volume of 10,647,666 shares, compared to its average volume of 4,166,162. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $50.51. The company has a market cap of $9.00 billion, a PE ratio of 11.77 and a beta of 2.97. The business has a 50-day simple moving average of $40.90 and a 200-day simple moving average of $38.14. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68.
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 for the quarter, missing analysts' consensus estimates of $0.21 by ($0.25). The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. Caesars Entertainment's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. Research analysts expect that Caesars Entertainment will post -0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CZR. Blue Trust Inc. grew its position in shares of Caesars Entertainment by 525.3% during 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 period. UMB Bank n.a. bought a new position in Caesars Entertainment in the third quarter valued at approximately $51,000. GAMMA Investing LLC grew its holdings 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 acquiring an additional 622 shares during the period. Signaturefd LLC raised its position in shares of Caesars Entertainment by 77.0% during the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company's stock valued at $101,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Caesars Entertainment in the 2nd quarter valued at $147,000. 91.79% of the stock is currently owned by institutional investors.
Caesars Entertainment Company Profile
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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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