Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $42.47 Consensus Price Target 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 received a consensus rating of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $42.4667.

CZR has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Truist Financial dropped their target price on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. JMP Securities dropped their target price on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Morgan Stanley dropped their target price on Caesars Entertainment from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, Cfra reissued a "hold" rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Friday, July 11th.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded down $0.06 during mid-day trading on Friday, hitting $25.22. 4,544,620 shares of the company's stock traded hands, compared to its average volume of 6,832,850. The firm has a 50 day simple moving average of $27.86 and a two-hundred day simple moving average of $28.71. Caesars Entertainment has a fifty-two week low of $21.40 and a fifty-two week high of $45.93. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of -27.41 and a beta of 2.40. 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 (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business posted ($0.56) EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its stake in Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company's stock valued at $25,000 after purchasing an additional 722 shares in the last quarter. Mather Group LLC. raised its stake in Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. UMB Bank n.a. raised its stake in Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company's stock valued at $30,000 after purchasing an additional 359 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company's stock valued at $32,000 after purchasing an additional 711 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company's stock valued at $33,000 after purchasing an additional 478 shares in the last quarter. Institutional investors and hedge funds 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.