Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $50.00 by Analysts at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by analysts at Wells Fargo & Company from $53.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 38.13% from the stock’s current price.

A number of other equities research analysts have also issued reports on CZR. Macquarie cut their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Truist Financial dropped their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus lowered their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen cut their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.64.

Caesars Entertainment Stock Up 3.8 %

Shares of NASDAQ CZR opened at $36.20 on Wednesday. The business has a fifty day moving average of $34.67 and a two-hundred day moving average of $37.87. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a 52-week low of $30.78 and a 52-week high of $45.93. The stock has a market cap of $7.69 billion, a PE ratio of -21.55 and a beta of 2.90.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. As a group, equities research analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CZR. FIL Ltd acquired a new position in Caesars Entertainment in the 4th quarter worth about $28,000. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 800 shares during the period. Huntington National Bank lifted its position in shares of Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after buying an additional 833 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment in the 4th quarter worth $44,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.