Caesars Entertainment (NASDAQ:CZR - Get Free Report) had its price target dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $62.00 to $59.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 47.13% from the stock's previous close.
CZR has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, January 9th. Susquehanna reduced their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, February 21st. Barclays reduced their target price on shares of Caesars Entertainment from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, February 21st. Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, January 18th. Finally, Morgan Stanley raised their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus price target of $58.18.
View Our Latest Research Report on Caesars Entertainment
Caesars Entertainment Price Performance
Shares of Caesars Entertainment stock traded down $2.12 on Friday, hitting $40.10. The company had a trading volume of 5,027,347 shares, compared to its average volume of 3,156,820. The business has a 50-day simple moving average of $42.23 and a 200-day simple moving average of $43.86. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market cap of $8.67 billion, a PE ratio of 11.05 and a beta of 2.81. Caesars Entertainment has a 52 week low of $38.33 and a 52 week high of $60.27.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. Research analysts expect that Caesars Entertainment will post 1.04 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Michael E. Pegram bought 15,000 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the transaction, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company's stock.
Institutional Investors Weigh In On Caesars Entertainment
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aspire Private Capital LLC raised its holdings in shares of Caesars Entertainment by 172.8% during the 4th quarter. Aspire Private Capital LLC now owns 401 shares of the company's stock valued at $16,681,600,000 after purchasing an additional 254 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Caesars Entertainment during the 3rd quarter valued at $32,000. Altshuler Shaham Ltd bought a new position in shares of Caesars Entertainment during the 4th quarter valued at $45,000. Principal Securities Inc. bought a new position in shares of Caesars Entertainment during the 4th quarter valued at $46,000. Finally, Mather Group LLC. bought a new position in shares of Caesars Entertainment during the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
Caesars Entertainment Company Profile
(
Get Free Report)
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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