Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $34.61 Average Target Price from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given an average recommendation of “Moderate Buy” by the twenty analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $34.6111.

A number of research analysts have recently commented on CZR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research report on Wednesday, January 21st. JMP Securities dropped their price target on shares of Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Friday, October 17th. Macquarie Infrastructure cut their price objective on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research note on Monday, December 1st. Finally, Jefferies Financial Group cut Caesars Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $22.00 in a research note on Tuesday, November 4th.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC raised its position in shares of Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares during the period. Hantz Financial Services Inc. grew its stake in Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 510 shares during the last quarter. Mather Group LLC. acquired a new stake in Caesars Entertainment in the third quarter worth $28,000. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Caesars Entertainment in the third quarter valued at $41,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Trading Up 0.6%

Shares of CZR opened at $20.65 on Friday. Caesars Entertainment has a 12 month low of $18.25 and a 12 month high of $40.00. The stock’s 50-day moving average is $23.33 and its two-hundred day moving average is $23.79. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The stock has a market cap of $4.21 billion, a PE ratio of -17.96, a P/E/G ratio of 5.57 and a beta of 2.03.

About Caesars Entertainment

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.