Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Has Consensus Target Price of $30.71

Caesars Entertainment, Inc. (NASDAQ:CZR) has been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.71.

A number of equities research analysts recently weighed in on the company. Capital One Financial cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Stifel Nicolaus cut Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a report on Monday, June 15th. TD Cowen downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $29.59 on Friday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. Caesars Entertainment has a one year low of $17.86 and a one year high of $30.88. The firm has a market capitalization of $6.03 billion, a P/E ratio of -12.98 and a beta of 1.75. The company’s fifty day moving average is $29.75 and its two-hundred day moving average is $28.75.

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

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, CFO Bret Yunker sold 208,134 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total value of $6,164,929.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David P. Tomick sold 7,142 shares of the 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 completion of the sale, the director owned 17,769 shares in the company, valued at $527,916.99. This represents a 28.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 322,682 shares of company stock valued at $9,565,403 in the last quarter. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Caesars Entertainment

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in Caesars Entertainment during the 2nd quarter worth about $30,967,000. Jefferies Financial Group Inc. acquired a new stake in shares of Caesars Entertainment during the 2nd quarter worth about $1,110,000. Man Group plc purchased a new stake in shares of Caesars Entertainment during the second quarter worth about $32,953,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Caesars Entertainment by 246,899,900.0% in the fourth 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. Finally, MUFG Securities EMEA plc acquired a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $65,492,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

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.