Caesars Entertainment (NASDAQ:CZR) PT Raised to $42.00 at Morgan Stanley

Caesars Entertainment (NASDAQ:CZR) had its price target hoisted by research analysts at Morgan Stanley from $40.00 to $42.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 1.87% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays boosted their target price on Caesars Entertainment from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. JMP Securities reiterated a “market outperform” rating and issued a $59.00 price objective on shares of Caesars Entertainment in a report on Monday, October 14th. StockNews.com cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group lowered their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $54.54.

Caesars Entertainment Price Performance

Shares of CZR stock opened at $42.80 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The firm has a fifty day moving average of $40.27 and a 200-day moving average of $38.10. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 12.12 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts forecast that Caesars Entertainment will post -0.16 earnings per share for the current year.

Institutional Trading of Caesars Entertainment

A number of hedge funds have recently made changes to their positions in CZR. Signaturefd LLC boosted its holdings in shares of Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after buying an additional 248 shares during the period. American Trust boosted its holdings in shares of Caesars Entertainment by 4.5% during the first quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after acquiring an additional 313 shares during the period. Private Advisor Group LLC grew its position in shares of Caesars Entertainment by 3.0% in the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after purchasing an additional 403 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. 91.79% of the stock is 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.