Caesars Entertainment (NASDAQ:CZR) PT Lowered to $52.00 at Truist Financial

Caesars Entertainment (NASDAQ:CZR) had its price target trimmed by Truist Financial from $58.00 to $52.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a research note on Wednesday, February 21st. JMP Securities lowered their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating on the stock in a report on Friday, April 19th. Stifel Nicolaus cut their price target on shares of Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a research note on Thursday, January 18th. Susquehanna lowered their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a buy rating for the company in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of Moderate Buy and an average target price of $53.83.

Caesars Entertainment Trading Up 0.5 %

Shares of NASDAQ CZR opened at $35.33 on Wednesday. Caesars Entertainment has a fifty-two week low of $35.09 and a fifty-two week high of $60.27. The firm has a market capitalization of $7.65 billion, a P/E ratio of 10.01 and a beta of 2.83. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.74. The company’s 50 day simple moving average is $40.67 and its 200 day simple moving average is $43.09.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company earned ($0.11) EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts predict that Caesars Entertainment will post 1.02 EPS for the current year.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares in the company, valued at $191,167.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its position in Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after acquiring an additional 261 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Caesars Entertainment by 0.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock valued at $1,625,000 after buying an additional 285 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Caesars Entertainment by 4.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock valued at $354,000 after buying an additional 295 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Caesars Entertainment by 13.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock worth $148,000 after buying an additional 376 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Caesars Entertainment by 8.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

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.