Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $54.00 by Analysts at Barclays

Caesars Entertainment (NASDAQ:CZR) had its price target decreased by research analysts at Barclays from $55.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 54.86% from the stock’s current price.

Several other research analysts also recently weighed in on CZR. JPMorgan Chase & Co. cut their price target 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. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Macquarie reiterated an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a report on Wednesday, October 30th. TD Cowen dropped their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $51.14.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $34.87 on Wednesday. The business’s 50 day moving average is $34.67 and its 200-day moving average is $37.87. The firm has a market cap of $7.41 billion, a P/E ratio of -20.88 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a 1-year low of $30.78 and a 1-year high of $45.93.

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

Institutional Investors Weigh In On Caesars Entertainment

Several large investors have recently added to or reduced their stakes in the business. Villere ST Denis J & Co. LLC lifted its holdings in shares of Caesars Entertainment by 6.2% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company’s stock valued at $26,877,000 after purchasing an additional 47,294 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in Caesars Entertainment in the 4th quarter valued at about $385,000. Wellington Management Group LLP raised its holdings in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company’s stock worth $4,734,000 after acquiring an additional 4,840 shares during the last quarter. Key Colony Management LLC acquired a new stake in Caesars Entertainment during the fourth quarter worth approximately $6,350,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Caesars Entertainment by 40.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,550 shares of the company’s stock worth $779,000 after purchasing an additional 6,778 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

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.