Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $59.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 47.13% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of Caesars Entertainment in a report on Wednesday, February 21st. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Finally, Susquehanna dropped their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.18.

Caesars Entertainment Trading Down 5.0 %

NASDAQ CZR opened at $40.10 on Friday. Caesars Entertainment has a 12 month low of $38.33 and a 12 month high of $60.27. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 11.05 and a beta of 2.81. The company’s fifty day moving average price is $42.23 and its two-hundred day moving average price is $43.85.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results 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 business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share. As a group, research analysts predict that Caesars Entertainment will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the purchase, the director now owns 4,612 shares in the company, valued at $191,167.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in shares of Caesars Entertainment by 26.4% during the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock valued at $2,057,000 after purchasing an additional 9,270 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Caesars Entertainment by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after purchasing an additional 77,595 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Caesars Entertainment during the 3rd quarter valued at about $2,259,000. Assenagon Asset Management S.A. boosted its position in shares of Caesars Entertainment by 1,029.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock valued at $11,998,000 after purchasing an additional 233,271 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Caesars Entertainment during the 3rd quarter valued at about $3,692,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

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.