Caesars Entertainment (NASDAQ:CZR) Given New $48.00 Price Target at Truist Financial

Caesars Entertainment (NASDAQ:CZR - Free Report) had its target price lowered by Truist Financial from $52.00 to $48.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on CZR. JMP Securities decreased their price objective on shares of Caesars Entertainment from $59.00 to $57.00 and set a "market outperform" rating for the company in a research report on Monday, November 25th. Stifel Nicolaus upped their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Jefferies Financial Group cut their price target on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. StockNews.com upgraded shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.14.

Caesars Entertainment Stock Up 3.5 %

Shares of CZR traded up $1.12 during mid-day trading on Tuesday, hitting $33.19. 4,247,979 shares of the company traded hands, compared to its average volume of 4,595,984. The company has a market capitalization of $7.05 billion, a PE ratio of -19.87 and a beta of 2.90. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The business has a 50 day moving average of $36.20 and a 200 day moving average of $38.12. Caesars Entertainment has a 1-year low of $30.78 and a 1-year high of $47.99.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts anticipate that Caesars Entertainment will post -0.55 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its stake in shares of Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after buying an additional 833 shares during the period. UMB Bank n.a. purchased a new position in shares of Caesars Entertainment in the 3rd quarter valued at approximately $51,000. Quarry LP acquired a new position in shares of Caesars Entertainment in the third quarter valued at approximately $68,000. GAMMA Investing LLC raised its stake in shares of Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company's stock worth $84,000 after purchasing an additional 403 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company's stock worth $116,000 after purchasing an additional 248 shares during the period. Hedge funds and other 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.