Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $55.00 at Barclays

Caesars Entertainment (NASDAQ:CZR) had its price target decreased by Barclays from $57.00 to $55.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

CZR has been the topic of a number of other research reports. Morgan Stanley raised their target price on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and a consensus target price of $53.71.

Caesars Entertainment Stock Performance

CZR opened at $37.01 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market cap of $7.86 billion, a PE ratio of -22.16 and a beta of 2.89. The stock has a 50-day moving average of $40.58 and a 200-day moving average of $38.59. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. As a group, equities research analysts forecast that Caesars Entertainment will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares during the last quarter. Assetmark Inc. raised its stake in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after buying an additional 256 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after buying an additional 317 shares during the period. GAMMA Investing LLC boosted its stake in Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after acquiring an additional 403 shares during the last quarter. Finally, Fiduciary Family Office LLC grew its holdings in Caesars Entertainment by 1.7% during the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after acquiring an additional 424 shares during the period. 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.