Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) Target Price at $32.69

Caesars Entertainment, Inc. (NASDAQ:CZR) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $32.6875.

A number of research firms have recently issued reports on CZR. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and raised their price objective for the company from $25.00 to $31.00 in a research report on Thursday, January 8th. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Morgan Stanley raised their price target on Caesars Entertainment from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. Citigroup reiterated a “market outperform” rating on shares of Caesars Entertainment in a report on Tuesday, March 10th. Finally, Citizens Jmp dropped their price objective on shares of Caesars Entertainment from $37.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 18th.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its position in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after purchasing an additional 918 shares during the last quarter. Mather Group LLC. bought a new stake in Caesars Entertainment in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. grew its holdings in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 3.6%

Shares of CZR stock opened at $26.43 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.78 and a current ratio of 0.80. The firm’s 50-day moving average is $23.57 and its 200-day moving average is $23.36. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -10.88 and a beta of 1.94. Caesars Entertainment has a 52-week low of $17.86 and a 52-week high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. Sell-side analysts predict that Caesars Entertainment will post -0.77 EPS for the current year.

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.