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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) have been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $58.36.

A number of research firms have commented on CZR. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of Caesars Entertainment in a research note on Wednesday, February 21st. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 9th. Morgan Stanley reduced their price objective on Caesars Entertainment from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. Finally, StockNews.com cut Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Read Our Latest Report on Caesars Entertainment

Caesars Entertainment Price Performance

CZR opened at $41.84 on Wednesday. Caesars Entertainment has a 12-month low of $38.33 and a 12-month high of $60.27. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The business’s fifty day simple moving average is $42.53 and its 200-day simple moving average is $44.13. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 11.53 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, equities research analysts anticipate that Caesars Entertainment will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the transaction, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Caesars Entertainment in the 3rd quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth approximately $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment in the 4th quarter worth approximately $46,000. TFO Wealth Partners LLC grew its holdings in shares of Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after acquiring an additional 1,146 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Caesars Entertainment by 4,708.8% in the 4th quarter. Bessemer Group Inc. now owns 1,635 shares of the company’s stock worth $68,000 after acquiring an additional 1,601 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

(Get Free Report

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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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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