Weekly Research Analysts’ Ratings Updates for Caesars Entertainment (CZR)

A number of firms have modified their ratings and price targets on shares of Caesars Entertainment (NASDAQ: CZR) recently:

• 10/31/2024 – Caesars Entertainment was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/30/2024 – Caesars Entertainment had its price target lowered by analysts at Barclays PLC from $59.00 to $57.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Caesars Entertainment had its price target lowered by analysts at Wells Fargo & Company from $58.00 to $53.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Caesars Entertainment had its price target raised by analysts at JPMorgan Chase & Co. from $54.00 to $58.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Caesars Entertainment had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $50.00 price target on the stock.
• 10/22/2024 – Caesars Entertainment had its price target raised by analysts at Morgan Stanley from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
• 10/17/2024 – Caesars Entertainment had its price target raised by analysts at Wells Fargo & Company from $56.00 to $58.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Caesars Entertainment had its price target raised by analysts at Barclays PLC from $56.00 to $59.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Caesars Entertainment had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $59.00 price target on the stock.
• 10/9/2024 – Caesars Entertainment had its price target raised by analysts at Stifel Nicolaus from $56.00 to $58.00. They now have a “buy” rating on the stock.

Caesars Entertainment Stock Down 2.3 %

CZR traded down $0.92 during trading on Tuesday, reaching $39.30. 1,370,319 shares of the stock were exchanged, compared to its average volume of 4,149,998. 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 stock’s 50 day moving average price is $41.42 and its two-hundred day moving average price is $38.24. Caesars Entertainment, Inc. has a twelve month low of $31.74 and a twelve month high of $50.51. The stock has a market cap of $8.35 billion, a P/E ratio of -23.53 and a beta of 2.96.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the firm earned $0.34 EPS. Caesars Entertainment’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Caesars Entertainment, Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Caesars Entertainment by 9.8% during the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock worth $116,000 after purchasing an additional 248 shares during the period. Assetmark Inc. increased its position in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after purchasing an additional 256 shares during the period. American Trust increased its position in shares of Caesars Entertainment by 4.5% in the first quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after purchasing an additional 313 shares during the period. Private Advisor Group LLC raised its position in shares of Caesars Entertainment by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after buying an additional 317 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Caesars Entertainment by 25.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock worth $84,000 after acquiring an additional 403 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.