Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $50.00 at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by Wells Fargo & Company from $53.00 to $50.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 38.13% from the stock’s previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Macquarie cut their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Cowen lowered their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Truist Financial reduced their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group lowered their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average price target of $50.64.

Caesars Entertainment Trading Up 3.8 %

Shares of NASDAQ:CZR opened at $36.20 on Wednesday. The company has a market cap of $7.69 billion, a PE ratio of -21.55 and a beta of 2.90. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93. The company’s 50 day moving average is $34.67 and its two-hundred day moving average is $37.87. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Equities analysts predict that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. American Trust lifted its position in Caesars Entertainment by 8.7% during the fourth quarter. American Trust now owns 7,505 shares of the company’s stock worth $251,000 after acquiring an additional 601 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Caesars Entertainment by 52.3% during the fourth quarter. Mackenzie Financial Corp now owns 10,959 shares of the company’s stock worth $366,000 after purchasing an additional 3,764 shares during the period. Toronto Dominion Bank lifted its holdings in Caesars Entertainment by 1.1% during the 4th quarter. Toronto Dominion Bank now owns 85,118 shares of the company’s stock worth $2,845,000 after purchasing an additional 920 shares during the last quarter. Castleark Management LLC bought a new stake in Caesars Entertainment in the 4th quarter valued at $2,719,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Caesars Entertainment by 24.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 503,387 shares of the company’s stock valued at $16,823,000 after buying an additional 99,843 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

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.