Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.3333.

A number of analysts recently weighed in on CZR shares. Wells Fargo & Company started coverage on shares of Caesars Entertainment in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price target for the company. Citizens Jmp decreased their target price on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a research note on Wednesday, October 29th. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their price target for the stock from $25.00 to $31.00 in a report on Thursday, January 8th. JPMorgan Chase & Co. reduced their price objective on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a research report on Monday, December 1st.

Caesars Entertainment Trading Down 3.9%

NASDAQ:CZR opened at $24.35 on Tuesday. The company has a market capitalization of $4.97 billion, a PE ratio of -21.17, a P/E/G ratio of 4.99 and a beta of 2.03. Caesars Entertainment has a 52-week low of $18.25 and a 52-week high of $40.00. The stock’s 50 day moving average price is $23.06 and its 200 day moving average price is $24.74. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.88 billion. Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. Caesars Entertainment’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, research analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its stake in shares of Caesars Entertainment by 55.3% in the 4th quarter. FNY Investment Advisers LLC now owns 5,500 shares of the company’s stock worth $128,000 after acquiring an additional 1,958 shares during the period. CoreCap Advisors LLC increased its stake in shares of Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after acquiring an additional 488 shares during the period. Hickory Point Bank & Trust purchased a new position in Caesars Entertainment during the fourth quarter worth about $333,000. DAVENPORT & Co LLC lifted its position in Caesars Entertainment by 0.4% in the fourth quarter. DAVENPORT & Co LLC now owns 4,339,172 shares of the company’s stock valued at $101,797,000 after purchasing an additional 18,414 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Caesars Entertainment by 61.9% in the 4th quarter. SG Americas Securities LLC now owns 1,097,763 shares of the company’s stock valued at $25,677,000 after purchasing an additional 419,617 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.