Citizens Jmp Forecasts Strong Price Appreciation for Caesars Entertainment (NASDAQ:CZR) Stock

Caesars Entertainment (NASDAQ:CZR) had its price objective lifted by analysts at Citizens Jmp from $34.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price indicates a potential upside of 26.74% from the company’s previous close.

CZR has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Truist Financial lifted their price target on shares of Caesars Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Morgan Stanley boosted their price objective on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Wells Fargo & Company raised their target price on Caesars Entertainment from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment has an average rating of “Hold” and an average price target of $33.27.

Caesars Entertainment Stock Up 1.1%

Shares of NASDAQ:CZR traded up $0.31 during mid-day trading on Wednesday, hitting $27.62. 791,185 shares of the company traded hands, compared to its average volume of 5,604,060. The firm’s 50 day simple moving average is $26.09 and its 200 day simple moving average is $23.56. The firm has a market cap of $5.62 billion, a P/E ratio of -11.37 and a beta of 1.87. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment has a 52-week low of $17.86 and a 52-week high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the company earned ($0.54) EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Caesars Entertainment will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CZR. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Caesars Entertainment by 246,899,900.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after acquiring an additional 4,937,998 shares in the last quarter. Morgan Stanley raised 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 in the last quarter. Capital World Investors raised 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 in the last quarter. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $76,050,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Caesars Entertainment during the fourth quarter worth about $65,492,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment News Roundup

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Susquehanna raised its price target to $34 and put a “positive” rating on CZR, signaling meaningful upside vs current levels and supporting buyer interest. Read More.
• Positive Sentiment: Revenue beat and business trends: Caesars reported revenue of $2.87B (above the $2.84B consensus) and posted a narrower loss vs. last year, with steady Las Vegas sales and growth in regional and digital channels — factors investors view as constructive for recovery momentum. Read More.
• Neutral Sentiment: Stifel trimmed its price target slightly to $35 from $36 but kept a “buy” rating — a modestly mixed signal (lower target but continued bullish stance). Read More. Read More.
• Neutral Sentiment: Company materials and call available: the Q1 earnings presentation and full call transcript are posted (useful for investors wanting detail on segment performance, cost trends and any forward commentary). Read More. Read More.
• Negative Sentiment: Significant EPS miss: CZR reported a loss of $0.48/share vs. consensus of a $0.19 loss (a $0.29 miss). Profitability metrics remain negative (net margin and ROE), which keeps near-term earnings expectations pressured and tempers the stock’s rally. Read More.

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.