Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Moderate Buy” by Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $33.2353.

A number of analysts have recently weighed in on the stock. Citizens Jmp reduced their price objective on shares of Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. Finally, Truist Financial lowered their price target on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in shares of Caesars Entertainment by 29.8% in the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after acquiring an additional 3,716,148 shares during the period. State Street Corp increased its position in Caesars Entertainment by 0.8% during the second quarter. State Street Corp now owns 7,569,822 shares of the company’s stock worth $214,907,000 after acquiring an additional 61,065 shares during the period. Morgan Stanley raised its stake in Caesars Entertainment by 121.0% during 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. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in 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 period. Finally, DAVENPORT & Co LLC boosted its holdings in Caesars Entertainment by 0.4% in the 4th quarter. DAVENPORT & Co LLC now owns 4,339,172 shares of the company’s stock valued at $101,797,000 after purchasing an additional 18,414 shares during the period. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Stock Down 0.6%

Shares of CZR stock opened at $26.42 on Wednesday. The stock’s 50 day simple moving average is $22.60 and its 200 day simple moving average is $23.27. Caesars Entertainment has a twelve month low of $17.86 and a twelve month high of $31.58. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of -10.87, a PEG ratio of 63.28 and a beta of 1.94.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Caesars Entertainment will post -0.77 EPS for the current year.

Caesars Entertainment Company Profile

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.