Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $43.77

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the company, 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 covered the stock in the last year is $43.77.

CZR has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $45.00 price target on shares of Caesars Entertainment in a research note on Wednesday, April 30th. Morgan Stanley dropped their target price on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Raymond James decreased their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $51.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial reduced their target price on Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd.

Hedge Funds Weigh In On Caesars Entertainment

Several institutional investors have recently made changes to their positions in CZR. Mather Group LLC. increased its holdings in 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 last quarter. Bogart Wealth LLC grew its position in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares during the period. FIL Ltd purchased a new stake in shares of Caesars Entertainment in the 4th quarter worth $28,000. Allworth Financial LP raised its holdings in Caesars Entertainment by 97.8% in the 1st quarter. Allworth Financial LP now owns 1,339 shares of the company's stock worth $36,000 after purchasing an additional 662 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new position in Caesars Entertainment during the fourth quarter valued at $44,000. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Up 1.4%

Shares of NASDAQ CZR traded up $0.37 on Monday, reaching $26.47. 4,923,329 shares of the company's stock traded hands, compared to its average volume of 4,853,172. The business's 50 day simple moving average is $26.93 and its two-hundred day simple moving average is $31.62. Caesars Entertainment has a 12 month low of $21.40 and a 12 month high of $45.93. The company has a market cap of $5.50 billion, a price-to-earnings ratio of -15.85 and a beta of 2.51. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced 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 net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the previous year, the firm posted ($0.73) EPS. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

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.