Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) has been given a consensus recommendation of "Hold" by the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $68.71.
A number of research analysts have weighed in on CZR shares. Truist Financial reduced their target price on Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday. Barclays upped their target price on Caesars Entertainment from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, January 24th. StockNews.com started coverage on Caesars Entertainment in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Wells Fargo & Company boosted their price target on Caesars Entertainment from $72.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 25th.
Get Caesars Entertainment alerts:Institutional Investors Weigh In On Caesars Entertainment
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth $25,000. Hexagon Capital Partners LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth $29,000. Quadrant Capital Group LLC increased its stake in Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company's stock worth $30,000 after buying an additional 293 shares in the last quarter. American National Bank purchased a new stake in Caesars Entertainment in the 3rd quarter worth $31,000. Finally, Assetmark Inc. increased its stake in Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company's stock worth $35,000 after buying an additional 479 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.
Caesars Entertainment Stock Up 0.6 %
CZR opened at $53.75 on Friday. The company has a market cap of $11.53 billion, a P/E ratio of -9.70 and a beta of 2.88. The business's 50-day moving average price is $47.52 and its 200-day moving average price is $45.03. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 6.53. Caesars Entertainment has a 12 month low of $31.31 and a 12 month high of $89.80.Caesars Entertainment (NASDAQ:CZR – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.84 billion. On average, equities analysts expect that Caesars Entertainment will post -1.72 EPS for the current year.
About Caesars Entertainment
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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
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