Caesars Entertainment’s (CZR) Market Outperform Rating Reaffirmed at JMP Securities

Caesars Entertainment (NASDAQ:CZR)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research report issued on Monday, Benzinga reports. They currently have a $59.00 target price on the stock. JMP Securities’ price target suggests a potential upside of 30.10% from the stock’s previous close.

CZR has been the topic of a number of other reports. Susquehanna reaffirmed a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus boosted their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group reduced their target price on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $54.54.

Caesars Entertainment Stock Performance

CZR traded up $0.84 on Monday, hitting $45.35. 852,486 shares of the stock traded hands, compared to its average volume of 4,199,433. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $50.51. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The firm has a market capitalization of $9.81 billion, a PE ratio of 12.85 and a beta of 2.97. The business has a fifty day moving average price of $38.74 and a two-hundred day moving average price of $37.98.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, research analysts predict that Caesars Entertainment will post -0.16 EPS for the current fiscal year.

Institutional Trading of Caesars Entertainment

A number of large investors have recently made changes to their positions in CZR. American Trust boosted its stake in Caesars Entertainment by 4.5% in the 1st quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after purchasing an additional 313 shares during the period. GAMMA Investing LLC boosted its stake in Caesars Entertainment by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after purchasing an additional 403 shares during the period. Blue Trust Inc. boosted its stake in Caesars Entertainment by 525.3% in the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Caesars Entertainment by 2.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock worth $785,000 after purchasing an additional 511 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Caesars Entertainment by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the company’s stock worth $728,000 after purchasing an additional 580 shares during the period. Institutional investors 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.