Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.83.

CZR has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $67.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday. JMP Securities decreased their price target on shares of Caesars Entertainment from $62.00 to $60.00 and set a “market outperform” rating for the company in a report on Thursday. Barclays decreased their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday.

Caesars Entertainment Trading Up 0.5 %

Shares of NASDAQ:CZR opened at $35.33 on Friday. The stock has a market capitalization of $7.65 billion, a PE ratio of 10.01 and a beta of 2.83. Caesars Entertainment has a 1 year low of $35.09 and a 1 year high of $60.27. The firm has a fifty day moving average price of $40.67 and a 200 day moving average price of $43.08. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 2.65.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Analysts expect that Caesars Entertainment will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael E. Pegram purchased 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the transaction, the director now directly owns 4,612 shares in the company, valued at $191,167.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of CZR. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Caesars Entertainment in the third quarter valued at about $32,000. Altshuler Shaham Ltd acquired a new stake in Caesars Entertainment in the 4th quarter valued at about $45,000. Principal Securities Inc. bought a new position in shares of Caesars Entertainment in the fourth quarter worth about $46,000. Mather Group LLC. acquired a new position in shares of Caesars Entertainment during the first quarter worth approximately $53,000. Finally, TFO Wealth Partners LLC grew its stake in shares of Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

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.