Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $58.00 at JPMorgan Chase & Co.

Caesars Entertainment (NASDAQ:CZR) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $54.00 to $58.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 44.82% from the stock’s current price.

CZR has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Susquehanna reaffirmed a “negative” rating and set a $33.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, July 31st. JMP Securities reissued a “market outperform” rating and issued a $59.00 target price on shares of Caesars Entertainment in a research note on Monday, October 14th. Finally, Stifel Nicolaus raised their price target on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Caesars Entertainment Stock Down 3.6 %

Shares of NASDAQ:CZR opened at $40.05 on Wednesday. The firm has a market capitalization of $8.66 billion, a PE ratio of -23.98 and a beta of 2.97. 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. The firm has a fifty day moving average of $41.00 and a 200 day moving average of $38.17.

Caesars Entertainment (NASDAQ:CZR) last posted 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). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. Caesars Entertainment’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, research analysts anticipate that Caesars Entertainment will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock valued at $26,000 after buying an additional 499 shares during the period. UMB Bank n.a. bought a new stake in Caesars Entertainment during the 3rd quarter valued at approximately $51,000. GAMMA Investing LLC grew its holdings in shares of Caesars Entertainment by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares during the period. Signaturefd LLC raised its position in shares of Caesars Entertainment by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Caesars Entertainment in the 1st quarter valued at approximately $150,000. 91.79% of the stock is owned by hedge funds and other 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.