Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Has Average Price Target of $30.71 According to Analysts

by · The Markets Daily

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) has received a consensus rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.71.

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Texas Capital downgraded Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Stifel Nicolaus lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th.

Get Our Latest Research Report on Caesars Entertainment

Caesars Entertainment Stock Up 0.0%

CZR stock opened at $29.62 on Friday. Caesars Entertainment has a 52 week low of $17.86 and a 52 week high of $30.88. The business has a 50-day simple moving average of $29.75 and a 200 day simple moving average of $28.75. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. The company has a market cap of $6.04 billion, a PE ratio of -12.99 and a beta of 1.75.

Caesars Entertainment (NASDAQ:CZR – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. Caesars Entertainment’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.39) earnings per share. Sell-side analysts anticipate that Caesars Entertainment will post -0.9 EPS for the current fiscal year.

Insider Activity at Caesars Entertainment

In other news, CFO Bret Yunker sold 208,134 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total value of $6,164,929.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Tomick sold 7,142 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $29.71, for a total transaction of $212,188.82. Following the sale, the director directly owned 17,769 shares in the company, valued at $527,916.99. This trade represents a 28.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 322,682 shares of company stock valued at $9,565,403. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Caesars Entertainment during the 2nd quarter worth $830,001,000. Pentwater Capital Management LP acquired a new stake in shares of Caesars Entertainment during the second quarter valued at about $346,014,000. Janus Henderson Group PLC boosted its stake 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 valued at $172,582,000 after purchasing an additional 355,760 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of 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 purchasing an additional 4,937,998 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Caesars Entertainment by 33.2% in the first quarter. Assenagon Asset Management S.A. now owns 4,359,946 shares of the company’s stock valued at $115,233,000 after buying an additional 1,085,516 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Company Profile

(Get Free Report)

Caesars Entertainment, Inc is a casino-entertainment company that owns, operates and manages commercial casinos, resorts and gaming facilities primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, entertainment, nightlife, conventions and other leisure services, with a significant presence in Las Vegas and regional markets across the country.

The company operates a portfolio of well-known brands, including Caesars, Harrah’s, Horseshoe, Paris, Planet Hollywood, Flamingo, The LINQ and Caesars Sportsbook.

See Also