Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $45.00 at JMP Securities

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by JMP Securities from $53.00 to $45.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research analysts have also recently commented on CZR. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Capital One Financial raised shares of Caesars Entertainment from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Raymond James cut their price target on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Macquarie cut their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $25.52 on Thursday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm’s 50-day moving average is $29.50 and its 200-day moving average is $34.98. Caesars Entertainment has a 52-week low of $21.40 and a 52-week high of $45.93. The company has a market cap of $5.41 billion, a price-to-earnings ratio of -15.28 and a beta of 2.67.

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. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Equities research analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CZR. Bogart Wealth LLC increased its position in Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. FIL Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $28,000. Resona Asset Management Co. Ltd. bought a new position in Caesars Entertainment in the 4th quarter worth approximately $44,000. Canada Pension Plan Investment Board raised its position in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Caesars Entertainment during the 4th quarter worth $71,000. 91.79% of the stock is owned by institutional investors.

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.