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

Caesars Entertainment Co. (NASDAQ:CZR) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Eight equities research 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 brokers that have updated their coverage on the stock in the last year is $11.75.

Several equities analysts have commented on the company. UBS Group lowered Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Deutsche Bank reissued a “buy” rating and set a $22.00 price objective on shares of Extended Stay America in a research report on Sunday, May 5th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, SunTrust Banks lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $12.75 price objective for the company. in a research report on Tuesday, June 25th.

Caesars Entertainment stock traded down $0.06 on Friday, hitting $11.80. 7,329,320 shares of the stock traded hands, compared to its average volume of 38,439,676. 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 stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of -62.11 and a beta of 1.43. The firm has a fifty day moving average of $10.77. Caesars Entertainment has a 1 year low of $5.84 and a 1 year high of $12.23.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its position 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 purchasing an additional 2,073 shares during the last quarter. Retirement Systems of Alabama raised its position 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 purchasing an additional 2,310 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Caesars Entertainment in the 1st quarter worth about $25,000. Meridian Wealth Management LLC purchased a new position in shares of Caesars Entertainment in the 1st quarter worth about $28,000. Finally, Oregon Public Employees Retirement Fund raised its position 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 purchasing an additional 3,338 shares during the last quarter.

Caesars Entertainment Company Profile

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.

Further Reading: Net Margin

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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