Stifel Nicolaus Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $43.00

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by Stifel Nicolaus from $45.00 to $43.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on CZR. Macquarie cut their price objective on Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Zacks Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday. Morgan Stanley reduced their price objective on Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group began coverage on Caesars Entertainment in a research note on Monday, July 7th. They issued a “buy” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average price target of $42.20.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $21.86 on Wednesday. Caesars Entertainment has a 12 month low of $21.40 and a 12 month high of $45.93. The stock has a 50 day moving average of $25.66 and a two-hundred day moving average of $26.98. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The firm has a market cap of $4.55 billion, a P/E ratio of -23.76 and a beta of 2.38.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm posted ($0.56) earnings per share. Caesars Entertainment’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC lifted its holdings in Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after acquiring an additional 722 shares during the last quarter. Mather Group LLC. lifted its holdings in Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. UMB Bank n.a. lifted its holdings in Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after acquiring an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock valued at $33,000 after acquiring an additional 478 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.