Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.2353.

A number of equities research analysts have recently commented on CZR shares. The Goldman Sachs Group cut shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $24.00 in a research report on Monday, December 15th. Morgan Stanley dropped their price objective on shares of Caesars Entertainment from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Zacks Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research note on Thursday, January 8th. Finally, Truist Financial reduced their price target on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently modified their holdings of the business. ING Groep NV lifted its stake in shares of Caesars Entertainment by 80.2% during the third quarter. ING Groep NV now owns 599,854 shares of the company’s stock valued at $16,211,000 after acquiring an additional 266,917 shares during the period. Principal Financial Group Inc. raised its holdings in Caesars Entertainment by 56.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock worth $45,953,000 after purchasing an additional 612,837 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Caesars Entertainment during the 2nd quarter valued at about $592,000. LDR Capital Management LLC bought a new position in shares of Caesars Entertainment in the 3rd quarter valued at about $1,172,000. Finally, Villere ST Denis J & Co. LLC grew its position in shares of Caesars Entertainment by 31.6% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 1,038,870 shares of the company’s stock worth $28,075,000 after buying an additional 249,603 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $25.03 on Wednesday. Caesars Entertainment has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The company has a market cap of $5.09 billion, a PE ratio of -10.30, a P/E/G ratio of 338.46 and a beta of 1.94. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The business has a 50-day simple moving average of $22.50 and a two-hundred day simple moving average of $23.25.

Caesars Entertainment (NASDAQ:CZR) last issued 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 company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. As a group, equities analysts expect that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

About Caesars Entertainment

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.