Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $48.00 by Analysts at TD Cowen

Caesars Entertainment (NASDAQ:CZR - Free Report) had its target price trimmed by TD Cowen from $50.00 to $48.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also weighed in on CZR. Morgan Stanley increased their price target on Caesars Entertainment from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Macquarie reissued an "outperform" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, October 30th. JMP Securities cut their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their price target on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.21.

Caesars Entertainment Trading Down 1.9 %

NASDAQ CZR traded down $0.68 during trading hours on Tuesday, hitting $35.72. 4,087,987 shares of the company were exchanged, compared to its average volume of 4,296,308. The stock has a market cap of $7.59 billion, a PE ratio of -21.39 and a beta of 2.90. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93. The stock has a 50-day moving average price of $34.80 and a 200 day moving average price of $37.73. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors have recently bought and sold shares of CZR. Janus Henderson Group PLC lifted its stake in Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company's stock valued at $526,309,000 after acquiring an additional 1,983,151 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Caesars Entertainment by 383.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company's stock valued at $71,536,000 after buying an additional 1,697,443 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Caesars Entertainment by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after buying an additional 11,671 shares in the last quarter. Helikon Investments Ltd grew its stake in Caesars Entertainment by 67.1% in the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock valued at $66,264,000 after acquiring an additional 637,303 shares during the period. Finally, Bamco Inc. NY purchased a new position in Caesars Entertainment during the third quarter valued at $61,890,000. 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.