Caesars Entertainment (NASDAQ:CZR) Given New $66.00 Price Target at Barclays

Caesars Entertainment (NASDAQ:CZR – Get Rating) had its price objective hoisted by Barclays from $65.00 to $66.00 in a research report report published on Tuesday, The Fly reports. They currently have an overweight rating on the stock.

A number of other research analysts have also commented on the company. Cowen decreased their price objective on Caesars Entertainment to $75.00 in a report on Thursday, October 20th. StockNews.com assumed coverage on Caesars Entertainment in a research report on Wednesday, October 12th. They set a hold rating for the company. Susquehanna cut their target price on Caesars Entertainment from $32.00 to $27.00 and set a negative rating for the company in a research report on Monday, October 3rd. Susquehanna Bancshares cut their target price on Caesars Entertainment from $32.00 to $27.00 and set a negative rating for the company in a research report on Monday, October 3rd. Finally, Bank of America cut their target price on Caesars Entertainment from $55.00 to $50.00 in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $68.07.

Caesars Entertainment Stock Up 1.5 %

CZR stock opened at $51.09 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $10.96 billion, a PE ratio of -9.22 and a beta of 2.83. Caesars Entertainment has a 1-year low of $31.31 and a 1-year high of $89.80. The business’s 50 day simple moving average is $47.12 and its 200 day simple moving average is $44.41.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. As a group, research analysts anticipate that Caesars Entertainment will post -1.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael E. Pegram bought 25,000 shares of the stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $44.74 per share, with a total value of $1,118,500.00. Following the acquisition, the director now directly owns 96,697 shares in the company, valued at $4,326,223.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of CZR. Utah Retirement Systems increased its stake in shares of Caesars Entertainment by 0.6% in the third quarter. Utah Retirement Systems now owns 36,500 shares of the company’s stock valued at $1,178,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Caesars Entertainment by 1.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $578,000 after buying an additional 200 shares during the period. Czech National Bank increased its stake in shares of Caesars Entertainment by 0.9% in the fourth quarter. Czech National Bank now owns 25,115 shares of the company’s stock valued at $1,045,000 after buying an additional 213 shares during the period. Centaurus Financial Inc. increased its stake in shares of Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after buying an additional 228 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Caesars Entertainment by 0.3% in the second quarter. Retirement Systems of Alabama now owns 71,065 shares of the company’s stock valued at $2,722,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 93.88% of the company’s stock.

About Caesars Entertainment

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.