Jefferies Financial Group Issues Pessimistic Forecast for Caesars Entertainment (NASDAQ:CZR) Stock Price

Caesars Entertainment (NASDAQ:CZR) had its price target reduced by Jefferies Financial Group from $52.00 to $43.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Macquarie reissued an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley increased their price target on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities cut their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.43.

Caesars Entertainment Stock Down 0.2 %

Caesars Entertainment stock opened at $32.51 on Friday. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -19.47 and a beta of 2.90. Caesars Entertainment has a 52-week low of $31.74 and a 52-week high of $47.99. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a 50 day moving average price of $37.35 and a two-hundred day moving average price of $38.39.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. Equities analysts predict that Caesars Entertainment will post -0.56 EPS for the current year.

Institutional Trading of Caesars Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Caesars Entertainment by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company’s stock valued at $60,712,000 after purchasing an additional 59,170 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Caesars Entertainment by 9.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,214 shares of the company’s stock valued at $844,000 after buying an additional 1,807 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $262,000. MidWestOne Financial Group Inc. boosted its stake in shares of Caesars Entertainment by 59.7% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock worth $1,745,000 after buying an additional 15,629 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Caesars Entertainment by 163.7% in the third quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock valued at $1,086,000 after acquiring an additional 16,150 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Caesars Entertainment Company Profile

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.