Caesars Entertainment Co. (NASDAQ:CZR) Receives Consensus Recommendation of “Hold” from Analysts

Caesars Entertainment Co. (NASDAQ:CZR) has been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.75.

A number of equities research analysts have weighed in on CZR shares. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Morgan Stanley set a €125.00 ($145.35) price objective on shares of Siemens and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Nomura upped their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP grew its stake in shares of Caesars Entertainment by 1.0% in the 1st quarter. Marshall Wace LLP now owns 204,711 shares of the company’s stock worth $1,779,000 after acquiring an additional 2,073 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Caesars Entertainment by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 761,255 shares of the company’s stock worth $8,998,000 after acquiring an additional 2,310 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Caesars Entertainment in the 1st quarter worth $25,000. Meridian Wealth Management LLC bought a new stake in shares of Caesars Entertainment in the 1st quarter worth $28,000. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Caesars Entertainment by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 236,061 shares of the company’s stock worth $2,790,000 after acquiring an additional 3,338 shares in the last quarter.

Shares of Caesars Entertainment stock traded down $0.06 during midday trading on Friday, hitting $11.80. 7,329,320 shares of the company traded hands, compared to its average volume of 38,439,676. The stock has a market capitalization of $7.94 billion, a PE ratio of -62.11 and a beta of 1.43. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.10 and a current ratio of 1.12. The business has a fifty day simple moving average of $10.77. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $12.23.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that Caesars Entertainment will post -0.46 earnings per share for the current year.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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