Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $50.00 at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its price objective lowered by Wells Fargo & Company from $53.00 to $50.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts also recently weighed in on CZR. JPMorgan Chase & Co. lowered their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus lowered their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Barclays cut their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday. TD Cowen decreased their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $50.64.

Caesars Entertainment Stock Down 0.9 %

NASDAQ CZR opened at $34.56 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. The business has a 50 day moving average price of $34.68 and a two-hundred day moving average price of $37.84. The stock has a market cap of $7.34 billion, a PE ratio of -20.69 and a beta of 2.90.

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

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC grew its position in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 800 shares during the last quarter. FIL Ltd bought a new position in Caesars Entertainment in the fourth quarter worth about $28,000. Huntington National Bank boosted its stake in Caesars Entertainment by 3,203.8% in the third quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $44,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after purchasing an additional 800 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

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.