Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $63.00 at Barclays

Caesars Entertainment (NASDAQ:CZR) had its price objective reduced by Barclays from $65.00 to $63.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also issued reports on CZR. Wells Fargo & Company lowered their price target on Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $70.00 to $67.00 and set a buy rating on the stock in a research note on Thursday, January 18th. Susquehanna decreased their price objective on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Caesars Entertainment from $55.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $57.73.

Caesars Entertainment Trading Up 0.6 %

Caesars Entertainment stock opened at $38.20 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The business’s 50-day simple moving average is $41.75 and its 200-day simple moving average is $43.60. The firm has a market capitalization of $8.26 billion, a PE ratio of 10.52 and a beta of 2.81. Caesars Entertainment has a 52 week low of $37.81 and a 52 week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Caesars Entertainment will post 1.07 earnings per share for the current year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $32,000. Altshuler Shaham Ltd bought a new position in Caesars Entertainment in the 4th quarter worth approximately $45,000. Principal Securities Inc. bought a new position in Caesars Entertainment in the 4th quarter worth approximately $46,000. Mather Group LLC. bought a new position in Caesars Entertainment in the 1st quarter worth approximately $53,000. Finally, TFO Wealth Partners LLC raised its position in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

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.