Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $45.64.

Several equities research analysts have weighed in on the stock. Susquehanna increased their price target on shares of Caesars Entertainment from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their price target on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $51.00 to $47.00 in a research report on Thursday, April 3rd. TD Cowen dropped their price target 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. Finally, Morgan Stanley reduced their price target on Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.

Caesars Entertainment Stock Up 0.9 %

CZR opened at $27.09 on Thursday. The firm has a market capitalization of $5.63 billion, a P/E ratio of -16.22 and a beta of 2.51. Caesars Entertainment has a one year low of $21.40 and a one year high of $45.93. The company has a fifty day moving average price of $26.86 and a 200-day moving average price of $33.33. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the prior year, the company earned ($0.73) EPS. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock worth $60,712,000 after purchasing an additional 59,170 shares during the last quarter. Czech National Bank lifted its position in shares of Caesars Entertainment by 4.6% during the fourth quarter. Czech National Bank now owns 46,079 shares of the company's stock worth $1,540,000 after purchasing an additional 2,009 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Key Colony Management LLC purchased a new position in Caesars Entertainment in the 4th quarter worth about $6,350,000. Finally, Aspire Private Capital LLC boosted its position in Caesars Entertainment by 48.3% in the 4th quarter. Aspire Private Capital LLC now owns 7,683 shares of the company's stock valued at $257,000 after buying an additional 2,503 shares during the period. Institutional investors own 91.79% of the company's stock.

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.

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