Caesars Entertainment (NASDAQ:CZR) Price Target Raised to $26.00

Caesars Entertainment (NASDAQ:CZR) had its target price raised by Jefferies Financial Group from $24.00 to $26.00 in a report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other research firms have also recently weighed in on CZR. Susquehanna upgraded shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $25.00 to $31.00 in a report on Thursday, January 8th. Morgan Stanley boosted their price target on shares of Caesars Entertainment from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.13.

Caesars Entertainment Stock Up 1.0%

Shares of NASDAQ CZR opened at $26.85 on Monday. Caesars Entertainment has a 1 year low of $17.86 and a 1 year high of $31.58. The stock has a market capitalization of $5.46 billion, a P/E ratio of -11.05 and a beta of 1.87. The company has a 50-day moving average price of $24.05 and a 200-day moving average price of $23.42. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.80 and a quick ratio of 0.78.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of CZR. AQR Capital Management LLC raised its position in shares of Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock valued at $953,000 after purchasing an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Caesars Entertainment by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after purchasing an additional 1,623 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock valued at $39,982,000 after purchasing an additional 826,356 shares during the period. Woodline Partners LP raised its position in shares of Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock valued at $449,000 after purchasing an additional 5,192 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Caesars Entertainment by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock valued at $12,665,000 after purchasing an additional 3,198 shares during the period. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

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.