Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Caesars Entertainment (NASDAQ:CZR) Stock Price

Caesars Entertainment (NASDAQ:CZRGet Free Report) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $36.00 to $35.00 in a report released on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 59.89% from the stock’s previous close.

A number of other analysts have also issued reports on CZR. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. Macquarie Infrastructure dropped their price target on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Citizens Jmp cut their price objective on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their price objective on shares of Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.35.

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Caesars Entertainment Trading Up 2.2%

NASDAQ:CZR opened at $21.89 on Wednesday. The business’s 50-day moving average is $22.74 and its two-hundred day moving average is $23.39. The firm has a market capitalization of $4.46 billion, a PE ratio of -9.01, a price-to-earnings-growth ratio of 27.74 and a beta of 2.03. Caesars Entertainment has a 12 month low of $17.86 and a 12 month high of $38.43. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.76.

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

Hedge Funds Weigh In On Caesars Entertainment

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Caesars Entertainment in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. raised its position in shares of Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

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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.

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