Caesars Entertainment (NASDAQ:CZR) had its target price upped by The Goldman Sachs Group from $92.00 to $95.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 8.53% from the company's previous close.
A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $89.00 to $92.00 and gave the company an "equal weight" rating in a report on Thursday, March 4th. Truist upped their price target on shares of Caesars Entertainment from $85.00 to $92.00 in a report on Thursday, January 14th. TheStreet raised shares of Caesars Entertainment from a "d+" rating to a "c" rating in a report on Wednesday, March 17th. Zacks Investment Research raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, March 24th. Finally, Loop Capital upped their price target on shares of Caesars Entertainment from $82.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, February 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of "Buy" and a consensus price target of $73.85.
Caesars Entertainment stock opened at $87.53 on Monday. Caesars Entertainment has a 12 month low of $9.57 and a 12 month high of $106.20. The company has a current ratio of 2.55, a quick ratio of 2.53 and a debt-to-equity ratio of 8.19. The business's 50 day simple moving average is $88.41 and its 200 day simple moving average is $70.68. The company has a market cap of $18.23 billion, a price-to-earnings ratio of -8.97 and a beta of 3.15.
Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, February 25th. The company reported ($1.70) EPS for the quarter, beating the consensus estimate of ($1.77) by $0.07. Caesars Entertainment had a negative return on equity of 56.40% and a negative net margin of 47.29%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.64 billion. As a group, equities research analysts forecast that Caesars Entertainment will post -9.66 earnings per share for the current fiscal year.
In related news, COO Anthony L. Carano sold 25,000 shares of the stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $70.75, for a total value of $1,768,750.00. Following the completion of the transaction, the chief operating officer now directly owns 93,020 shares of the company's stock, valued at $6,581,165. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Reeg sold 70,000 shares of the stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $70.75, for a total transaction of $4,952,500.00. Following the completion of the transaction, the chief executive officer now directly owns 271,309 shares of the company's stock, valued at $19,195,111.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,000 shares of company stock valued at $8,346,650. 0.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Archer Investment Corp bought a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $39,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Caesars Entertainment during the third quarter valued at approximately $57,000. Sowell Financial Services LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter valued at approximately $63,000. US Bancorp DE boosted its holdings in Caesars Entertainment by 55.0% in the fourth quarter. US Bancorp DE now owns 995 shares of the company's stock worth $73,000 after purchasing an additional 353 shares during the last quarter. Finally, Navis Wealth Advisors LLC purchased a new stake in Caesars Entertainment in the fourth quarter worth approximately $74,000. 90.68% of the stock is owned by institutional investors and hedge funds.
Caesars Entertainment Company Profile
Caesars Entertainment, Inc operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers various amenities and one-of-a-kind destinations; and gaming services. The company was founded in 1937 and is based in Reno, Nevada.
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