Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.2667.

A number of brokerages have issued reports on CZR. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citigroup lifted their price objective on shares of Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, April 6th.

View Our Latest Report on CZR

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $28.47 on Monday. The firm has a fifty day moving average of $27.21 and a two-hundred day moving average of $24.24. The firm has a market capitalization of $5.80 billion, a P/E ratio of -12.01 and a beta of 1.77. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $31.58. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned ($0.54) EPS. On average, equities analysts expect that Caesars Entertainment will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of CZR. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Caesars Entertainment by 246,899,900.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after purchasing an additional 4,937,998 shares during the last quarter. Morgan Stanley lifted its stake in shares of Caesars Entertainment by 121.0% in the 4th quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock valued at $167,049,000 after purchasing an additional 3,910,430 shares during the last quarter. Capital World Investors lifted its stake in shares of Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after purchasing an additional 3,716,148 shares during the last quarter. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $76,050,000. Finally, MUFG Securities EMEA plc bought a new position in Caesars Entertainment in the 4th quarter worth $65,492,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

(Get Free Report)

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.

See Also

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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