Caesars Entertainment (NASDAQ:CZR) Given New $58.00 Price Target at Truist Financial

Caesars Entertainment (NASDAQ:CZR) had its target price cut by Truist Financial from $62.00 to $58.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. JMP Securities lowered their target price on Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating on the stock in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft lowered their target price on Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research note on Friday, April 12th. Barclays lowered their target price on Caesars Entertainment from $65.00 to $63.00 and set an overweight rating on the stock in a research note on Friday, April 19th. Susquehanna lowered their price target on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating for the company in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus lowered their price target on Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a research note on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $57.36.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $36.61 on Tuesday. The stock’s 50-day moving average price is $41.37 and its two-hundred day moving average price is $43.44. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The company has a market cap of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81. Caesars Entertainment has a 1 year low of $36.34 and a 1 year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm posted ($0.11) EPS. Caesars Entertainment’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Caesars Entertainment will post 1.02 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram bought 15,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now directly 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 available at the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Caesars Entertainment during the third quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $45,000. Principal Securities Inc. acquired a new position in shares of Caesars Entertainment during the fourth quarter worth approximately $46,000. Mather Group LLC. acquired a new position in shares of Caesars Entertainment during the first quarter worth approximately $53,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Caesars Entertainment by 22,920.0% during the fourth 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 last quarter. 91.79% of the stock is currently 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.