Susquehanna Reaffirms Neutral Rating for Caesars Entertainment (NASDAQ:CZR)

Key Points

• Susquehanna reiterated its Neutral rating on Caesars Entertainment and cut its price target to $31 from $34, implying only modest upside from the current share price.
• Other analysts remain mixed on CZR, with recent target cuts from Barclays and Stifel offset by some bullish calls; overall, the stock holds a Hold consensus rating and an average price target of $32.80.
• Caesars also posted a mixed quarterly report, missing EPS expectations while slightly beating revenue estimates, and the article notes ongoing interest from institutional investors amid a volatile trading backdrop.

Caesars Entertainment (NASDAQ:CZR - Get Free Report)'s stock had its "neutral" rating restated by analysts at Susquehanna in a research note issued on Friday,Benzinga reports. They presently have a $31.00 target price on the stock, down from their prior target price of $34.00. Susquehanna's price target suggests a potential upside of 6.99% from the company's current price.

Several other analysts also recently weighed in on CZR. Barclays decreased their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group lifted their target price on Caesars Entertainment from $24.00 to $26.00 and gave the company a "hold" rating in a research report on Monday, April 6th. Truist Financial upped their target price on Caesars Entertainment from $29.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Caesars Entertainment in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.80.

Caesars Entertainment Trading Down 0.4%

Shares of CZR traded down $0.11 during trading hours on Friday, reaching $28.98. 2,537,836 shares of the company traded hands, compared to its average volume of 6,182,131. The stock's fifty day moving average price is $27.28 and its 200 day moving average price is $24.49. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -12.23 and a beta of 1.77. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $31.58.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.54) EPS. Sell-side analysts forecast that Caesars Entertainment will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Large investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Caesars Entertainment by 246,899,900.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company's stock valued at $115,500,000 after acquiring an additional 4,937,998 shares in the last quarter. Morgan Stanley raised its position in shares of Caesars Entertainment by 121.0% in the 4th quarter. Morgan Stanley now owns 7,141,899 shares of the company's stock worth $167,049,000 after acquiring an additional 3,910,430 shares in the last quarter. Capital World Investors lifted its stake in shares of Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company's stock worth $437,622,000 after purchasing an additional 3,716,148 shares during the last quarter. Norges Bank purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth $76,050,000. Finally, MUFG Securities EMEA plc bought a new stake in Caesars Entertainment during the fourth quarter valued at about $65,492,000. Institutional investors own 91.79% of the company's stock.

Trending Headlines about Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash, giving investors a clear takeout price and a substantial premium. Reuters: Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
• Positive Sentiment: The all-cash structure reduces deal uncertainty for shareholders and signals that the buyer is willing to assume Caesars’ heavy debt load to close the transaction. WSJ: Caesars to Be Acquired by Fertitta Entertainment in All-Cash Deal
• Neutral Sentiment: Analysts and market commentary suggested the deal could support broader casino industry consolidation, potentially reshaping the competitive landscape for gaming stocks. Proactive Investors: Caesars Entertainment buyout potential catalyst for broader casino consolidation
• Negative Sentiment: Several shareholder law firms have launched investigations into whether Caesars obtained a fair price, highlighting possible legal scrutiny around the transaction. PR Newswire: Shareholder Alert investigation
• Negative Sentiment: Commentary noted Caesars faces ongoing industry challenges, including softer Las Vegas visitation and competition from online gambling, which helps explain why the company was willing to sell. WSJ: With Caesars Deal, Tilman Fertitta Doubles Down on Vegas Comeback

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah's by William F.

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