Barclays Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $63.00

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by Barclays from $65.00 to $63.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley upped their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a buy rating for the company in a research report on Friday, April 12th. JMP Securities dropped their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating for the company in a research report on Friday. Finally, Susquehanna dropped their target price on shares of Caesars Entertainment from $49.00 to $44.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $57.73.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $38.20 on Friday. The firm has a fifty day moving average price of $41.75 and a 200-day moving average price of $43.59. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market cap of $8.26 billion, a PE ratio of 10.52 and a beta of 2.81. Caesars Entertainment has a 1 year low of $37.81 and a 1 year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Equities analysts anticipate that Caesars Entertainment will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Caesars Entertainment

In other news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the acquisition, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors have recently made changes to their positions in CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Caesars Entertainment in the 3rd quarter worth about $32,000. Altshuler Shaham Ltd purchased a new position in Caesars Entertainment in the 4th quarter worth about $45,000. Principal Securities Inc. purchased a new position in Caesars Entertainment in the 4th quarter worth about $46,000. Mather Group LLC. purchased a new position in Caesars Entertainment in the 1st quarter worth about $53,000. Finally, TFO Wealth Partners LLC increased its stake in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after buying an additional 1,146 shares during the period. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

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.