Barclays Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $54.00

Caesars Entertainment (NASDAQ:CZR) had its target price reduced by investment analysts at Barclays from $55.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 54.86% from the stock’s current price.

Several other brokerages have also recently issued reports on CZR. TD Cowen cut their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. JMP Securities dropped their price target on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Macquarie restated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $51.14.

Caesars Entertainment Stock Down 0.5 %

CZR stock opened at $34.87 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $37.87. The company has a market capitalization of $7.41 billion, a P/E ratio of -20.88 and a beta of 2.90. Caesars Entertainment has a twelve month low of $30.78 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. On average, equities research analysts predict that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in CZR. American Trust lifted its stake in shares of Caesars Entertainment by 8.7% in the fourth quarter. American Trust now owns 7,505 shares of the company’s stock valued at $251,000 after buying an additional 601 shares during the period. Mackenzie Financial Corp lifted its position in Caesars Entertainment by 52.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,959 shares of the company’s stock worth $366,000 after buying an additional 3,764 shares in the last quarter. Toronto Dominion Bank grew its holdings in Caesars Entertainment by 1.1% during the 4th quarter. Toronto Dominion Bank now owns 85,118 shares of the company’s stock worth $2,845,000 after acquiring an additional 920 shares during the last quarter. Castleark Management LLC acquired a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $2,719,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Caesars Entertainment by 24.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 503,387 shares of the company’s stock worth $16,823,000 after purchasing an additional 99,843 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.