Shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $54.21.
Several brokerages have recently weighed in on CZR. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James began coverage on shares of Caesars Entertainment in a research report on Tuesday, May 21st. They set a “strong-buy” rating and a $55.00 target price for the company. B. Riley started coverage on shares of Caesars Entertainment in a research note on Thursday, May 9th. They issued a “buy” rating and a $70.00 price objective for the company. Morgan Stanley dropped their target price on Caesars Entertainment from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Finally, Wells Fargo & Company lifted their price target on Caesars Entertainment from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st.
View Our Latest Stock Analysis on CZR
Caesars Entertainment Stock Up 1.3 %
NASDAQ CZR opened at $37.64 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 5.56. Caesars Entertainment has a 1-year low of $31.74 and a 1-year high of $56.29. The company has a 50 day moving average of $37.00 and a 200-day moving average of $38.32. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 10.66 and a beta of 2.99.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Caesars Entertainment will post 0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CZR. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Caesars Entertainment in the second quarter worth $287,000. Dana Investment Advisors Inc. increased its stake in shares of Caesars Entertainment by 6.5% in the second quarter. Dana Investment Advisors Inc. now owns 98,695 shares of the company’s stock worth $3,922,000 after buying an additional 6,022 shares during the period. Truist Financial Corp increased its stake in shares of Caesars Entertainment by 20.2% in the second quarter. Truist Financial Corp now owns 6,255 shares of the company’s stock worth $249,000 after buying an additional 1,050 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Caesars Entertainment by 783.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 928,529 shares of the company’s stock worth $36,900,000 after buying an additional 823,428 shares during the period. Finally, Creative Planning increased its stake in shares of Caesars Entertainment by 73.4% in the second quarter. Creative Planning now owns 150,191 shares of the company’s stock worth $5,969,000 after buying an additional 63,575 shares during the period. 91.79% of the stock is owned by institutional investors.
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.
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