Susquehanna Forecasts Strong Price Appreciation for Caesars Entertainment (NASDAQ:CZR) Stock

Caesars Entertainment (NASDAQ:CZR) had its price objective boosted by research analysts at Susquehanna from $23.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential upside of 2.94% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays boosted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley lowered their target price on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Truist Financial reduced their price target on Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus price target of $45.64.

Caesars Entertainment Stock Up 0.5 %

Shares of CZR opened at $27.20 on Wednesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a 52 week low of $21.40 and a 52 week high of $45.93. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of -16.29 and a beta of 2.67. The stock has a fifty day moving average of $27.39 and a 200-day moving average of $33.82.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.35). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business posted ($0.73) earnings per share. Caesars Entertainment’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CZR. Mather Group LLC. raised its holdings in shares of Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares during the period. Bogart Wealth LLC raised its stake in Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares during the period. FIL Ltd bought a new position in Caesars Entertainment in the fourth quarter worth approximately $28,000. Allworth Financial LP boosted its holdings in Caesars Entertainment by 97.8% in the first quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after acquiring an additional 662 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment in the fourth quarter valued at approximately $44,000. 91.79% of the stock is owned by institutional investors.

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.