Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $42.20.

CZR has been the topic of several research analyst reports. Macquarie lowered their price target on Caesars Entertainment from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Susquehanna decreased their target price on Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. The Goldman Sachs Group assumed coverage on Caesars Entertainment in a report on Monday, July 7th. They issued a “buy” rating and a $36.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday. Finally, Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a report on Friday, July 18th.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Caesars Entertainment by 5,069.9% during the first quarter. GAMMA Investing LLC now owns 99,675 shares of the company’s stock valued at $2,492,000 after buying an additional 97,747 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Caesars Entertainment by 38.8% during the first quarter. Rhumbline Advisers now owns 424,448 shares of the company’s stock valued at $10,611,000 after buying an additional 118,581 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Caesars Entertainment by 111,975.0% during the first quarter. NBC Securities Inc. now owns 4,483 shares of the company’s stock valued at $112,000 after buying an additional 4,479 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Caesars Entertainment by 5.5% during the first quarter. Yousif Capital Management LLC now owns 19,661 shares of the company’s stock valued at $492,000 after buying an additional 1,032 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Caesars Entertainment by 6.5% during the first quarter. Fifth Third Bancorp now owns 16,279 shares of the company’s stock valued at $407,000 after buying an additional 999 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Down 1.6%

Shares of Caesars Entertainment stock opened at $23.00 on Friday. Caesars Entertainment has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a market capitalization of $4.78 billion, a P/E ratio of -25.00 and a beta of 2.38. The business’s fifty day moving average price is $25.74 and its two-hundred day moving average price is $27.02. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.82 and a quick ratio of 0.81.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business posted ($0.56) earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts forecast 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.