Caesars Entertainment (NASDAQ:CZR) Given New $57.00 Price Target at Barclays

Caesars Entertainment (NASDAQ:CZR) had its target price cut by Barclays from $59.00 to $57.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also weighed in on CZR. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company cut their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group cut their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Caesars Entertainment Stock Down 8.2 %

Shares of NASDAQ CZR opened at $41.57 on Wednesday. The stock has a market cap of $9.00 billion, a P/E ratio of 11.77 and a beta of 2.97. The firm has a 50 day moving average price of $40.90 and a 200 day moving average price of $38.14. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts expect that Caesars Entertainment will post -0.18 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Family Office LLC raised its position in Caesars Entertainment by 1.7% during the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock worth $1,052,000 after acquiring an additional 424 shares in the last quarter. Innealta Capital LLC raised its position in Caesars Entertainment by 23,029.2% during the third quarter. Innealta Capital LLC now owns 5,551 shares of the company’s stock worth $232,000 after acquiring an additional 5,527 shares in the last quarter. Helikon Investments Ltd raised its position in Caesars Entertainment by 67.1% during the third quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock worth $66,264,000 after acquiring an additional 637,303 shares in the last quarter. US Bancorp DE raised its position in Caesars Entertainment by 87.9% during the third quarter. US Bancorp DE now owns 15,967 shares of the company’s stock worth $666,000 after acquiring an additional 7,469 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in Caesars Entertainment by 16.5% during the third quarter. First Trust Direct Indexing L.P. now owns 9,513 shares of the company’s stock worth $397,000 after acquiring an additional 1,345 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.