Susquehanna Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $23.00

Caesars Entertainment (NASDAQ:CZR - Free Report) had its target price reduced by Susquehanna from $30.00 to $23.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on CZR. Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Raymond James lowered their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 19th. JMP Securities dropped their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. Macquarie decreased their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Caesars Entertainment Trading Up 3.1 %

CZR stock traded up $0.77 during midday trading on Monday, reaching $25.52. The stock had a trading volume of 3,721,128 shares, compared to its average volume of 4,816,045. 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 has a twelve month low of $21.40 and a twelve month high of $45.93. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -15.28 and a beta of 2.67. The business has a fifty day simple moving average of $29.30 and a two-hundred day simple moving average of $34.87.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.20. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. As a group, research analysts expect that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CZR. FIL Ltd purchased a new position in shares of Caesars Entertainment during the 4th quarter valued at $28,000. Bogart Wealth LLC raised its holdings 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 buying an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Caesars Entertainment in the 4th quarter worth approximately $44,000. Canada Pension Plan Investment Board boosted its stake in Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock worth $53,000 after buying an additional 800 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Caesars Entertainment during the fourth quarter valued at approximately $71,000. Institutional investors own 91.79% of the company's stock.

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.