Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $110.00 at Truist Securities

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by equities researchers at Truist Securities from $140.00 to $110.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Truist Securities’ price target would suggest a potential upside of 32.79% from the company’s current price. Truist Securities also issued estimates for Caesars Entertainment’s Q1 2022 earnings at ($0.50) EPS.

CZR has been the topic of a number of other research reports. Truist lowered their price target on Caesars Entertainment from $140.00 to $110.00 in a report on Thursday. TheStreet lowered Caesars Entertainment from a “c-” rating to a “d+” rating in a report on Wednesday, December 15th. B. Riley began coverage on Caesars Entertainment in a research note on Friday, November 12th. They set a “buy” rating and a $191.00 price target on the stock. Stifel Nicolaus boosted their price target on Caesars Entertainment from $130.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, October 8th. Finally, Citigroup began coverage on Caesars Entertainment in a research note on Tuesday, December 7th. They set a “buy” rating and a $150.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $126.94.

Caesars Entertainment stock opened at $82.84 on Thursday. Caesars Entertainment has a 1-year low of $66.34 and a 1-year high of $119.81. The company has a debt-to-equity ratio of 5.42, a current ratio of 1.19 and a quick ratio of 1.18. The stock has a market cap of $17.71 billion, a PE ratio of -17.63 and a beta of 2.92. The stock’s fifty day moving average is $92.40 and its two-hundred day moving average is $98.72.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, November 2nd. The company reported ($1.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($1.16). Caesars Entertainment had a negative return on equity of 21.28% and a negative net margin of 13.60%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted ($6.09) EPS. On average, research analysts expect that Caesars Entertainment will post -3.29 earnings per share for the current fiscal year.

In related news, insider Edmund L. Quatmann, Jr. sold 5,279 shares of the company’s stock in a transaction on Tuesday, January 4th. The shares were sold at an average price of $89.60, for a total transaction of $472,998.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CZR. Global Retirement Partners LLC boosted its position in Caesars Entertainment by 93.5% during the 3rd quarter. Global Retirement Partners LLC now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 145 shares during the period. Selective Wealth Management Inc. purchased a new stake in Caesars Entertainment during the 3rd quarter worth $34,000. Berman Capital Advisors LLC boosted its position in Caesars Entertainment by 107.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 215 shares during the period. JFS Wealth Advisors LLC purchased a new position in Caesars Entertainment in the 3rd quarter valued at about $71,000. Finally, Meeder Asset Management Inc. boosted its position in Caesars Entertainment by 40.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 670 shares of the company’s stock valued at $75,000 after buying an additional 192 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment

Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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