Caesars Entertainment (NASDAQ:CZR) Downgraded by Macquarie Infrastructure to Neutral

Macquarie Infrastructure lowered shares of Caesars Entertainment (NASDAQ:CZR) from an outperform rating to a neutral rating in a research note issued to investors on Monday morning,MarketScreener reports.

A number of other research analysts have also recently issued reports on CZR. Jefferies Financial Group raised their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays dropped their price target on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Citizens Jmp lifted their target price on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus lowered their price target on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.80.

Caesars Entertainment Trading Up 0.5%

CZR stock traded up $0.14 during mid-day trading on Monday, reaching $29.19. The company had a trading volume of 13,077,760 shares, compared to its average volume of 9,026,754. The company has a market capitalization of $5.94 billion, a PE ratio of -12.29 and a beta of 1.77. Caesars Entertainment has a 12 month low of $17.86 and a 12 month high of $31.58. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The firm has a 50 day moving average of $27.35 and a 200 day moving average of $24.62.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.54) EPS. On average, equities analysts predict that Caesars Entertainment will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

A number of large investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in shares of Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after purchasing an additional 3,716,148 shares during the last quarter. State Street Corp lifted its position in Caesars Entertainment by 0.8% during the second quarter. State Street Corp now owns 7,569,822 shares of the company’s stock valued at $214,907,000 after buying an additional 61,065 shares in the last quarter. Morgan Stanley lifted its position in Caesars Entertainment by 121.0% during the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock valued at $167,049,000 after buying an additional 3,910,430 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Caesars Entertainment by 5.8% during the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock worth $172,582,000 after purchasing an additional 355,760 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Caesars Entertainment by 246,899,900.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after buying an additional 4,937,998 shares during the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

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.