Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $30.71

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given a consensus rating of “Hold” by the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.7143.

Several equities research analysts have issued reports on the stock. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. TD Cowen lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Wednesday, July 29th. Texas Capital downgraded Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Wells Fargo & Company lifted their price target on Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna upgraded Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $30.10 on Friday. The business’s 50-day moving average price is $29.72 and its two-hundred day moving average price is $26.80. Caesars Entertainment has a twelve month low of $17.86 and a twelve month high of $30.88. The stock has a market cap of $6.13 billion, a P/E ratio of -13.20 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. As a group, equities analysts predict that Caesars Entertainment will post -0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael E. Pegram sold 55,000 shares of Caesars Entertainment stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $1,606,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the sale, the insider owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. The trade was a 81.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 293,463 shares of company stock worth $8,609,241 over the last quarter. Company insiders own 1.18% of the company’s stock.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of CZR. Healthcare of Ontario Pension Plan Trust Fund grew its holdings 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 worth $115,500,000 after acquiring an additional 4,937,998 shares during the last quarter. Morgan Stanley grew its stake in shares of Caesars Entertainment by 121.0% in the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock worth $167,049,000 after purchasing an additional 3,910,430 shares during the last quarter. Norges Bank bought a new position in Caesars Entertainment during the 4th quarter valued at approximately $76,050,000. MUFG Securities EMEA plc purchased a new stake in Caesars Entertainment in the 4th quarter worth approximately $65,492,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Caesars Entertainment by 35,370.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,464,518 shares of the company’s stock valued at $57,645,000 after acquiring an additional 2,457,570 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.

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.