Caesars Entertainment (NASDAQ:CZR) Given New $48.00 Price Target at Truist Financial

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by Truist Financial from $52.00 to $48.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. JMP Securities decreased their target price on shares of Caesars Entertainment from $59.00 to $57.00 and set a “market outperform” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. decreased their price objective 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. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Macquarie restated an “outperform” rating and issued a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. Finally, Barclays decreased their target price on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $33.19 on Tuesday. The company has a market capitalization of $7.05 billion, a PE ratio of -19.87 and a beta of 2.90. 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 has a fifty day moving average of $36.20 and a 200-day moving average of $38.12. Caesars Entertainment has a one year low of $30.78 and a one year high of $47.99.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Caesars Entertainment will post -0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after buying an additional 1,983,151 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Caesars Entertainment by 1.0% in the second quarter. EdgePoint Investment Group Inc. now owns 5,859,251 shares of the company’s stock worth $232,847,000 after acquiring an additional 60,184 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Caesars Entertainment by 383.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after purchasing an additional 1,697,443 shares during the last quarter. Helikon Investments Ltd raised its holdings in shares of Caesars Entertainment by 67.1% during the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company’s stock valued at $66,264,000 after purchasing an additional 637,303 shares in the last quarter. Finally, Bamco Inc. NY bought a new position in shares of Caesars Entertainment during the 3rd quarter valued at $61,890,000. 91.79% of the stock is owned by institutional investors and hedge funds.

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.