JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Caesars Entertainment (NASDAQ:CZR)

Caesars Entertainment (NASDAQ:CZR)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a report released on Friday,Benzinga reports. They presently have a $31.00 target price on the stock, down from their previous target price of $35.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.60% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Citizens Jmp increased their target price on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Truist Financial raised their price objective on Caesars Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Barclays dropped their target price on Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.00.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $29.08 on Friday. The stock’s 50-day moving average is $27.28 and its 200 day moving average is $24.49. Caesars Entertainment has a 1-year low of $17.86 and a 1-year high of $31.58. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The company has a market cap of $5.92 billion, a P/E ratio of -12.27 and a beta of 1.77.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the company posted ($0.54) earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Caesars Entertainment will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA increased its holdings in Caesars Entertainment by 1.2% in the first quarter. Pictet Asset Management Holding SA now owns 31,307 shares of the company’s stock valued at $827,000 after buying an additional 363 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after buying an additional 488 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Caesars Entertainment by 1.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after acquiring an additional 493 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 510 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Caesars Entertainment by 3.5% in the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock valued at $459,000 after acquiring an additional 549 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

More Caesars Entertainment News

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash, giving investors a clear takeout price and a substantial premium. Reuters: Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
• Positive Sentiment: The all-cash structure reduces deal uncertainty for shareholders and signals that the buyer is willing to assume Caesars’ heavy debt load to close the transaction. WSJ: Caesars to Be Acquired by Fertitta Entertainment in All-Cash Deal
• Neutral Sentiment: Analysts and market commentary suggested the deal could support broader casino industry consolidation, potentially reshaping the competitive landscape for gaming stocks. Proactive Investors: Caesars Entertainment buyout potential catalyst for broader casino consolidation
• Negative Sentiment: Several shareholder law firms have launched investigations into whether Caesars obtained a fair price, highlighting possible legal scrutiny around the transaction. PR Newswire: Shareholder Alert investigation
• Negative Sentiment: Commentary noted Caesars faces ongoing industry challenges, including softer Las Vegas visitation and competition from online gambling, which helps explain why the company was willing to sell. WSJ: With Caesars Deal, Tilman Fertitta Doubles Down on Vegas Comeback

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.