Caesars Entertainment (NASDAQ:CZR – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Caesars Entertainment Stock Up 0.5 %
Shares of Caesars Entertainment stock opened at $44.71 on Tuesday. Caesars Entertainment has a 52-week low of $38.33 and a 52-week high of $60.27. The stock has a market capitalization of $9.64 billion, a PE ratio of 13.67 and a beta of 2.85. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.71 and a current ratio of 0.73. The company has a 50-day simple moving average of $45.40 and a two-hundred day simple moving average of $47.27.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CZR shares. JPMorgan Chase & Co. lowered their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Truist Financial dropped their target price on shares of Caesars Entertainment from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. JMP Securities assumed coverage on shares of Caesars Entertainment in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $65.00 target price for the company. Barclays dropped their target price on shares of Caesars Entertainment from $75.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Finally, StockNews.com lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.08.
Institutional Investors Weigh In On Caesars Entertainment
Several hedge funds have recently bought and sold shares of the business. Wetherby Asset Management Inc. acquired a new stake in Caesars Entertainment in the 1st quarter valued at approximately $212,000. Bleakley Financial Group LLC acquired a new stake in shares of Caesars Entertainment during the second quarter worth approximately $205,000. Glenmede Trust Co. NA acquired a new stake in shares of Caesars Entertainment during the third quarter worth approximately $203,000. Captrust Financial Advisors increased its holdings in shares of Caesars Entertainment by 22.9% in the first quarter. Captrust Financial Advisors now owns 2,535 shares of the company’s stock valued at $196,000 after purchasing an additional 472 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Caesars Entertainment by 403.4% in the fourth quarter. Meeder Asset Management Inc. now owns 4,636 shares of the company’s stock valued at $193,000 after purchasing an additional 3,715 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.
About Caesars Entertainment
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.
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