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

Key Points

• Analysts have given Caesars Entertainment, Inc. a consensus rating of "Moderate Buy", with twelve analysts recommending a buy and three suggesting a hold.
• The average twelve-month target price for Caesars Entertainment is $42.47, while the stock is currently trading at approximately $25.33.
• In its latest quarterly earnings report, Caesars posted a revenue of $2.91 billion, beating expectations, but reported an EPS of ($0.39), missing consensus estimates.

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $42.4667.

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Caesars Entertainment in a report on Monday, July 7th. They set a "buy" rating and a $36.00 target price for the company. JMP Securities lowered their target price on shares of Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Macquarie lowered their target price on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Cfra reiterated a "hold" rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Friday, July 11th. Finally, Morgan Stanley lowered their target price on shares of Caesars Entertainment from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds have recently modified their holdings of the business. DAVENPORT & Co LLC lifted its stake in shares of Caesars Entertainment by 1,051.1% during the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock valued at $87,399,000 after buying an additional 3,192,224 shares in the last quarter. Norges Bank purchased a new position in shares of Caesars Entertainment during the 2nd quarter valued at $79,604,000. Capital Research Global Investors lifted its stake in shares of Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after buying an additional 2,555,876 shares in the last quarter. Hein Park Capital Management LP purchased a new position in shares of Caesars Entertainment during the 1st quarter valued at $60,492,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Caesars Entertainment during the 4th quarter valued at $57,629,000. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Performance

Shares of CZR opened at $25.33 on Friday. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81. Caesars Entertainment has a one year low of $21.40 and a one year high of $45.93. The company has a 50-day simple moving average of $27.99 and a two-hundred day simple moving average of $28.93. The firm has a market capitalization of $5.27 billion, a PE ratio of -27.53 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter last year, the business earned ($0.56) earnings per share. The business's quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that Caesars Entertainment will post -0.77 EPS 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.

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