Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Moderate Buy” by Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.77.

Several equities analysts have commented on CZR shares. JMP Securities reissued a “market outperform” rating and set a $45.00 target price on shares of Caesars Entertainment in a research report on Wednesday, April 30th. TD Cowen cut their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Truist Financial cut their price objective 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. Capital One Financial raised Caesars Entertainment from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. Finally, Macquarie cut their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd bought a new stake in shares of Caesars Entertainment during the fourth quarter valued at about $28,000. Bogart Wealth LLC increased its position in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the period. Mather Group LLC. increased its position 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 buying an additional 405 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Caesars Entertainment during the fourth quarter valued at about $44,000. Finally, Allworth Financial LP increased its position in shares of Caesars Entertainment by 97.8% during the first quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock valued at $36,000 after buying an additional 662 shares during the period. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

CZR opened at $30.69 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -18.38 and a beta of 2.51. The firm’s fifty day moving average price is $26.80 and its two-hundred day moving average price is $32.84. Caesars Entertainment has a 1 year low of $21.40 and a 1 year high of $45.93.

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

Caesars Entertainment Company Profile

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.