Caesars Entertainment (NASDAQ:CZR) Given New $51.00 Price Target at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR) had its price target dropped by equities researchers at Stifel Nicolaus from $54.00 to $51.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 48.73% from the company’s current price.

Several other equities analysts have also commented on the company. Wells Fargo & Company reduced their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JMP Securities reduced their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Macquarie reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a research report on Wednesday, October 30th. StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays lowered their price objective on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.36.

Caesars Entertainment Trading Up 1.6 %

Shares of NASDAQ:CZR traded up $0.53 during trading on Thursday, reaching $34.29. 226,383 shares of the stock were exchanged, compared to its average volume of 4,591,087. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a 12-month low of $30.78 and a 12-month high of $46.69. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of -20.46 and a beta of 2.90. The firm’s 50-day moving average price is $35.32 and its 200 day moving average price is $37.91.

Caesars Entertainment (NASDAQ:CZR) last released 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 return on equity of 4.44% and a negative net margin of 3.20%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. On average, sell-side analysts anticipate that Caesars Entertainment will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

A number of hedge funds have recently modified their holdings of CZR. Huntington National Bank increased its holdings in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after purchasing an additional 833 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of Caesars Entertainment in the 3rd quarter valued at $51,000. Quarry LP acquired a new stake in shares of Caesars Entertainment in the 3rd quarter valued at $68,000. GAMMA Investing LLC grew its stake in shares of Caesars Entertainment by 25.1% during the third 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. Finally, Avior Wealth Management LLC grew its stake in shares of Caesars Entertainment by 12,577.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after purchasing an additional 2,264 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.