Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $51.21 Consensus PT from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $50.64.

Several brokerages recently weighed in on CZR. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Macquarie cut their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday. TD Cowen lowered 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. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Finally, Barclays decreased their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Caesars Entertainment Stock Down 0.9 %

CZR stock opened at $34.56 on Friday. The firm’s 50-day moving average is $34.68 and its two-hundred day moving average is $37.84. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of -20.69 and a beta of 2.90. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CZR. Vanguard Group Inc. grew its holdings in shares of Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock valued at $780,854,000 after acquiring an additional 100,263 shares in the last quarter. Capital Research Global Investors boosted its position in Caesars Entertainment by 14.8% during the fourth quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after purchasing an additional 2,555,876 shares during the last quarter. Cohen & Steers Inc. grew its stake in Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock valued at $487,265,000 after purchasing an additional 1,882,728 shares in the last quarter. Janus Henderson Group PLC increased its position in Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock worth $185,594,000 after purchasing an additional 1,213,426 shares in the last quarter. 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.