Caesars Entertainment's (CZR) Market Outperform Rating Reiterated at JMP Securities

Caesars Entertainment (NASDAQ:CZR - Get Free Report)'s stock had its "market outperform" rating reaffirmed by research analysts at JMP Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $45.00 price objective on the stock. JMP Securities' target price indicates a potential upside of 67.28% from the stock's current price.

CZR has been the topic of a number of other research reports. Jefferies Financial Group dropped their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Morgan Stanley lowered their price target on shares of Caesars Entertainment from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays reduced their price objective on shares of Caesars Entertainment from $54.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.86.

Caesars Entertainment Trading Down 3.9 %

Shares of CZR traded down $1.09 during trading hours on Wednesday, reaching $26.90. 2,252,262 shares of the company traded hands, compared to its average volume of 4,904,929. The stock's fifty day moving average price is $27.71 and its 200 day moving average price is $33.99. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of -16.14 and a beta of 2.67. Caesars Entertainment has a 12-month low of $21.40 and a 12-month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company earned ($0.73) earnings per share. Caesars Entertainment's revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Trading of Caesars Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mather Group LLC. raised its position 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 acquiring an additional 405 shares in the last quarter. Bogart Wealth LLC raised 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 worth $28,000 after purchasing an additional 800 shares during the last quarter. FIL Ltd purchased a new position in Caesars Entertainment in the 4th quarter valued at about $28,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $44,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 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.

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