Caesars Entertainment (NASDAQ:CZR – Get Rating) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from $105.00 to $90.00 in a report issued on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 73.11% from the stock’s current price.
CZR has been the topic of several other research reports. StockNews.com assumed coverage on shares of Caesars Entertainment in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company cut their price target on shares of Caesars Entertainment from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. Stifel Nicolaus cut their price target on shares of Caesars Entertainment from $127.00 to $113.00 in a research note on Wednesday, May 4th. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating and set a $72.00 price target on the stock. in a research note on Monday, April 25th. Finally, Cowen cut their price target on shares of Caesars Entertainment from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $115.87.
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Shares of CZR stock opened at $51.99 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 6.82. Caesars Entertainment has a twelve month low of $42.59 and a twelve month high of $119.81. The company has a market capitalization of $11.14 billion, a P/E ratio of -8.71 and a beta of 2.82. The business’s 50 day moving average is $62.13 and its two-hundred day moving average is $76.33.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($2.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.15) by $0.04. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Caesars Entertainment had a negative return on equity of 17.77% and a negative net margin of 12.66%. The company’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.06) EPS. As a group, equities analysts predict that Caesars Entertainment will post -1.42 earnings per share for the current fiscal year.
In related news, CEO Thomas Reeg purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were purchased at an average price of $71.38 per share, with a total value of $713,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Pegram acquired 13,000 shares of the stock in a transaction dated Tuesday, March 8th. The stock was acquired at an average price of $68.89 per share, for a total transaction of $895,570.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 39,000 shares of company stock worth $2,571,290 in the last three months. 0.55% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. IPG Investment Advisors LLC acquired a new position in Caesars Entertainment during the fourth quarter worth $1,048,000. Bridgefront Capital LLC acquired a new position in shares of Caesars Entertainment in the fourth quarter valued at $216,000. Ulysses Management LLC acquired a new position in shares of Caesars Entertainment in the fourth quarter valued at $10,288,000. Kentucky Retirement Systems increased its holdings in shares of Caesars Entertainment by 10.2% in the fourth quarter. Kentucky Retirement Systems now owns 13,172 shares of the company’s stock valued at $1,232,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Caesars Entertainment by 365,225.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,613 shares of the company’s stock valued at $1,367,000 after purchasing an additional 14,609 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.
Caesars Entertainment Company Profile (Get Rating)
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.
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Read More: Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $90.00 by Analysts at Deutsche