Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.64.

Several analysts have recently commented on CZR shares. Barclays reduced their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday. Truist Financial dropped their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Jefferies Financial Group dropped their price objective on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, TD Cowen dropped their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th.

Caesars Entertainment Stock Down 0.1 %

CZR opened at $33.22 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The business has a 50 day simple moving average of $34.68 and a 200-day simple moving average of $37.81. The stock has a market capitalization of $7.06 billion, a P/E ratio of -19.89 and a beta of 2.90. Caesars Entertainment has a 12 month low of $30.78 and a 12 month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, equities analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Villere ST Denis J & Co. LLC lifted its stake in shares of Caesars Entertainment by 6.2% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock worth $26,877,000 after purchasing an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in Caesars Entertainment in the fourth quarter valued at about $385,000. Wellington Management Group LLP boosted its holdings in Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock valued at $4,734,000 after purchasing an additional 4,840 shares during the last quarter. Key Colony Management LLC purchased a new position in Caesars Entertainment in the fourth quarter valued at about $6,350,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Caesars Entertainment by 40.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock valued at $779,000 after purchasing an additional 6,778 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.