Barclays Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $35.00

Caesars Entertainment (NASDAQ:CZRGet Free Report) had its price target dropped by equities research analysts at Barclays from $39.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 59.89% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. Macquarie Infrastructure reduced their price objective on Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company initiated coverage on Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price target for the company. Finally, TD Cowen restated a “buy” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $33.35.

Read Our Latest Research Report on CZR

Caesars Entertainment Stock Up 2.2%

CZR stock opened at $21.89 on Wednesday. The stock has a market cap of $4.46 billion, a P/E ratio of -9.01, a P/E/G ratio of 27.74 and a beta of 2.03. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 3.17. The stock’s fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $23.39. Caesars Entertainment has a 1-year low of $17.86 and a 1-year high of $38.43.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last released its earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Analysts expect that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after acquiring an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Caesars Entertainment by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after purchasing an additional 1,623 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Caesars Entertainment by 106.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after purchasing an additional 5,192 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Caesars Entertainment by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after buying an additional 3,198 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors.

Key Caesars Entertainment News

Here are the key news stories impacting Caesars Entertainment this week:

Caesars Entertainment Company Profile

(Get Free Report)

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.

Further Reading

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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