Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $27.00 at Susquehanna

Key Points

• Susquehanna Research Analysts have reduced the target price for Caesars Entertainment stock from $28.00 to $27.00, maintaining a "neutral" rating.
• Despite the downgrade by Susquehanna, other analysts have set higher price targets, with Stifel Nicolaus raising theirs to $45.00 and Goldman Sachs initiating coverage with a $36.00 target.
• Caesars Entertainment reported earnings of ($0.39) EPS for the last quarter, missing consensus estimates and indicating a negative net margin of 1.71%.

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price target lowered by Susquehanna from $28.00 to $27.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on CZR. Citigroup reissued a "market outperform" rating on shares of Caesars Entertainment in a report on Friday, July 18th. The Goldman Sachs Group began coverage on Caesars Entertainment in a report on Monday, July 7th. They issued a "buy" rating and a $36.00 price target on the stock. Cfra reaffirmed a "hold" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. Barclays dropped their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, JMP Securities cut their price objective on shares of Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.53.

Caesars Entertainment Trading Down 0.7%

Shares of NASDAQ:CZR traded down $0.18 on Friday, hitting $25.19. The company had a trading volume of 4,957,108 shares, compared to its average volume of 5,525,156. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08. Caesars Entertainment has a 1 year low of $21.40 and a 1 year high of $45.93. The firm's 50-day simple moving average is $28.32 and its two-hundred day simple moving average is $29.46. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -27.37 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.56) EPS. Equities analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its position in shares of Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company's stock worth $25,000 after acquiring an additional 722 shares in the last quarter. Mather Group LLC. raised its holdings in Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock worth $26,000 after purchasing an additional 405 shares during the last quarter. FIL Ltd acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $28,000. UMB Bank n.a. raised its stake in Caesars Entertainment by 52.0% in the 2nd 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Caesars Entertainment by 168.5% during the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company's stock worth $32,000 after purchasing an additional 711 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.