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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $32.6875.

CZR has been the topic of several recent research reports. The Goldman Sachs Group cut Caesars Entertainment from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $24.00 in a report on Monday, December 15th. Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a research report on Tuesday, March 10th. Finally, Barclays dropped their price objective on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th.

Caesars Entertainment Stock Down 3.9%

CZR opened at $25.85 on Friday. Caesars Entertainment has a 52 week low of $17.86 and a 52 week high of $31.58. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 3.17. The firm has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $23.37. The company has a market capitalization of $5.26 billion, a PE ratio of -10.64 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last posted 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 firm 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%.Caesars Entertainment’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in Caesars Entertainment by 12.8% during the fourth quarter. Invesco Ltd. now owns 995,208 shares of the company’s stock valued at $23,278,000 after purchasing an additional 112,691 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $1,696,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $484,000. State of Tennessee Department of Treasury increased its position in shares of Caesars Entertainment by 125.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,824 shares of the company’s stock valued at $1,282,000 after purchasing an additional 30,536 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Caesars Entertainment by 202.5% during the 4th quarter. XTX Topco Ltd now owns 64,427 shares of the company’s stock valued at $1,507,000 after purchasing an additional 43,126 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Company Profile

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.