Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $58.00 at JPMorgan Chase & Co.

Caesars Entertainment (NASDAQ:CZR) had its target price upped by JPMorgan Chase & Co. from $54.00 to $58.00 in a research report report published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

CZR has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company upped their target price on Caesars Entertainment from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley upped their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Caesars Entertainment Stock Performance

CZR opened at $41.57 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The business’s 50 day moving average is $40.90 and its 200-day moving average is $38.14. The stock has a market cap of $9.00 billion, a PE ratio of 11.77 and a beta of 2.97. Caesars Entertainment has a twelve month low of $31.74 and a twelve month high of $50.51.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Caesars Entertainment will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of CZR. Blue Trust Inc. raised its holdings in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after buying an additional 499 shares during the period. UMB Bank n.a. purchased a new position in shares of Caesars Entertainment in the third quarter worth approximately $51,000. GAMMA Investing LLC raised its holdings in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 622 shares during the period. Signaturefd LLC lifted its position in shares of Caesars Entertainment by 77.0% in the 2nd quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock valued at $101,000 after acquiring an additional 1,105 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Caesars Entertainment in the 2nd quarter worth approximately $147,000. 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.