Caesars Entertainment (NASDAQ:CZR) Cut to Hold at Texas Capital

by · The Markets Daily

Caesars Entertainment (NASDAQ:CZR – Get Free Report) was downgraded by equities research analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on CZR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Monday. Stifel Nicolaus cut their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. 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 note on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their target price on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.47.

View Our Latest Stock Analysis on Caesars Entertainment

Caesars Entertainment Price Performance

CZR stock opened at $29.15 on Monday. The firm’s 50-day moving average price is $27.35 and its two-hundred day moving average price is $24.62. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $31.58. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of -12.30 and a beta of 1.77. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25.

Caesars Entertainment (NASDAQ:CZR – Get Free Report) last announced 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 the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.54) EPS. As a group, equities analysts predict that Caesars Entertainment will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently bought and sold shares of CZR. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Caesars Entertainment by 246,899,900.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after acquiring an additional 4,937,998 shares in the last quarter. Morgan Stanley boosted its stake in Caesars Entertainment by 121.0% during the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock worth $167,049,000 after acquiring an additional 3,910,430 shares in the last quarter. Capital World Investors boosted its stake in Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after acquiring an additional 3,716,148 shares in the last quarter. Norges Bank bought a new stake in Caesars Entertainment during the fourth quarter worth about $76,050,000. Finally, MUFG Securities EMEA plc bought a new stake in Caesars Entertainment during the fourth quarter worth about $65,492,000. Institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

(Get Free Report)

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.

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