Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) PT at $50.43

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.00.

Several research analysts recently weighed in on the stock. Susquehanna raised shares of Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, March 6th. TD Cowen reduced their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Truist Financial reduced their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Raymond James reduced their price objective on shares of Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 19th. Finally, JMP Securities reduced their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors have recently modified their holdings of the business. American Assets Investment Management LLC bought a new stake in Caesars Entertainment during the fourth quarter worth about $318,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Caesars Entertainment during the fourth quarter worth about $14,599,000. American Trust lifted its position in Caesars Entertainment by 8.7% during the fourth quarter. American Trust now owns 7,505 shares of the company’s stock worth $251,000 after purchasing an additional 601 shares during the period. Mackenzie Financial Corp lifted its position in Caesars Entertainment by 52.3% during the fourth quarter. Mackenzie Financial Corp now owns 10,959 shares of the company’s stock worth $366,000 after purchasing an additional 3,764 shares during the period. Finally, Toronto Dominion Bank lifted its position in Caesars Entertainment by 1.1% during the fourth quarter. Toronto Dominion Bank now owns 85,118 shares of the company’s stock worth $2,845,000 after purchasing an additional 920 shares during the period. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 3.2 %

Shares of NASDAQ CZR opened at $27.36 on Wednesday. The firm has a market capitalization of $5.80 billion, a PE ratio of -16.38 and a beta of 2.97. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a 1 year low of $26.42 and a 1 year high of $45.93. The firm’s 50-day moving average is $33.39 and its 200-day moving average is $36.93.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Equities analysts expect that Caesars Entertainment will post -0.77 EPS for the current year.

About Caesars Entertainment

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.