Goldman Sachs Group started coverage on shares of Caesars Entertainment (NASDAQ:CZR) in a research note released on Monday morning, Benzinga reports. The firm issued a neutral rating and a $56.00 target price on the stock.

CZR has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on shares of Caesars Entertainment from $50.00 to $55.00 in a research report on Wednesday, September 9th. Wolfe Research began coverage on shares of Caesars Entertainment in a research report on Tuesday, July 21st. They set a buy rating on the stock. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $47.00 to $54.00 and gave the company an overweight rating in a research report on Friday, August 28th. ValuEngine upgraded shares of Caesars Entertainment from a hold rating to a buy rating in a research report on Monday, June 1st. Finally, Bank of America reiterated a hold rating and set a $45.00 target price on shares of Caesars Entertainment in a research report on Friday, August 7th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $32.44.

Shares of NASDAQ CZR opened at $55.94 on Monday. The company has a market capitalization of $5.51 billion, a P/E ratio of -17.48 and a beta of 2.95. Caesars Entertainment has a 52-week low of $6.02 and a 52-week high of $70.74. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.19 and a current ratio of 3.22. The company’s 50 day moving average price is $43.17 and its 200-day moving average price is $19.20.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($1.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.90) by $0.65. The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $115.59 million. Caesars Entertainment had a negative net margin of 13.57% and a negative return on equity of 2.85%. The company’s revenue for the quarter was down 80.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Analysts forecast that Caesars Entertainment will post -4.37 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CZR. Vivaldi Asset Management LLC boosted its holdings in shares of Caesars Entertainment by 56,927.1% in the 2nd quarter. Vivaldi Asset Management LLC now owns 1,685,722 shares of the company’s stock worth $20,448,000 after buying an additional 1,682,766 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Caesars Entertainment by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,723,190 shares of the company’s stock worth $20,903,000 after buying an additional 57,852 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Caesars Entertainment by 2.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 802,266 shares of the company’s stock worth $5,423,000 after buying an additional 16,250 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Caesars Entertainment by 33.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,308 shares of the company’s stock worth $888,000 after buying an additional 32,863 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of Caesars Entertainment by 6.6% in the 2nd quarter. New York State Teachers Retirement System now owns 514,013 shares of the company’s stock worth $6,235,000 after buying an additional 32,000 shares during the last quarter.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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