Caesars Entertainment (NASDAQ:CZR) PT Lowered to $52.00

Caesars Entertainment (NASDAQ:CZR) had its price objective dropped by equities research analysts at Truist Financial from $58.00 to $52.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 47.98% from the company’s current price.

A number of other equities research analysts also recently issued reports on CZR. Barclays lowered their target price 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. Susquehanna lowered their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Morgan Stanley boosted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, April 12th. Finally, Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $53.83.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $35.14 on Wednesday. The company has a market cap of $7.60 billion, a PE ratio of 9.95 and a beta of 2.83. Caesars Entertainment has a 12 month low of $35.09 and a 12 month high of $60.27. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company has a 50-day simple moving average of $40.92 and a 200-day simple moving average of $43.20.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results 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 1.26% and a net margin of 6.68%. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Caesars Entertainment will post 1.02 earnings per share for the current year.

Insider Transactions at Caesars Entertainment

In other 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 completion of the transaction, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of Caesars Entertainment by 26.4% during the third quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock worth $2,057,000 after purchasing an additional 9,270 shares in the last quarter. Choreo LLC lifted its position in shares of Caesars Entertainment by 39.1% during the fourth quarter. Choreo LLC now owns 17,678 shares of the company’s stock worth $829,000 after purchasing an additional 4,970 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Caesars Entertainment by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock worth $95,144,000 after purchasing an additional 77,595 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Caesars Entertainment in the third quarter valued at $2,259,000. Finally, Strs Ohio raised its holdings in Caesars Entertainment by 33.2% in the fourth quarter. Strs Ohio now owns 676,706 shares of the company’s stock valued at $31,723,000 after acquiring an additional 168,738 shares in 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.