Susquehanna Has Lowered Expectations for Caesars Entertainment (NASDAQ:CZR) Stock Price

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 - Get Free Report) had its target price decreased by research analysts at Susquehanna from $28.00 to $27.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Susquehanna's price objective indicates a potential upside of 3.78% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday. Macquarie lowered their price target on shares of Caesars Entertainment from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday. The Goldman Sachs Group started coverage on shares of Caesars Entertainment in a report on Monday, July 7th. They issued a "buy" rating and a $36.00 price target for the company. Barclays lowered their price target on shares of Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, JMP Securities lowered their price target 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. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.53.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $26.02 on Friday. Caesars Entertainment has a 1 year low of $21.40 and a 1 year high of $45.93. The firm has a 50 day moving average of $28.41 and a 200-day moving average of $29.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 6.08. The stock has a market capitalization of $5.41 billion, a P/E ratio of -28.24 and a beta of 2.29.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results 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). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the firm posted ($0.56) EPS. The business's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Trading of Caesars Entertainment

Institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC grew its holdings in shares of Caesars Entertainment by 1,051.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock valued at $87,399,000 after buying an additional 3,192,224 shares during the period. Capital Research Global Investors grew its holdings in shares of Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock valued at $662,088,000 after buying an additional 2,555,876 shares during the period. Hein Park Capital Management LP acquired a new position in shares of Caesars Entertainment in the 1st quarter valued at $60,492,000. Cohen & Steers Inc. grew its holdings in shares of Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock valued at $487,265,000 after buying an additional 1,882,728 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Caesars Entertainment in the 4th quarter valued at $57,629,000. 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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