Caesars Entertainment (NASDAQ:CZR) Upgraded at Capital One Financial

Caesars Entertainment (NASDAQ:CZR - Get Free Report) was upgraded by Capital One Financial from an "equal weight" rating to an "overweight" rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $47.00 target price on the stock, down from their prior target price of $51.00. Capital One Financial's price target indicates a potential upside of 95.83% from the stock's previous close.

CZR has been the subject of a number of other reports. 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 research note on Friday, January 3rd. Truist Financial cut their target price on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their price target on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Raymond James dropped their target price on Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.80.

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Caesars Entertainment Stock Up 1.1 %

Caesars Entertainment stock traded up $0.25 during trading hours on Thursday, reaching $24.00. The stock had a trading volume of 3,498,807 shares, compared to its average volume of 4,730,488. The business's 50 day moving average price is $31.61 and its 200-day moving average price is $35.97. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment has a 52 week low of $21.40 and a 52 week high of $45.93. The company has a market cap of $5.09 billion, a price-to-earnings ratio of -14.26 and a beta of 2.67.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.20. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Sell-side analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors have recently bought and sold shares of the business. Villere ST Denis J & Co. LLC lifted its position in shares of Caesars Entertainment by 6.2% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 804,205 shares of the company's stock valued at $26,877,000 after buying an additional 47,294 shares in the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in Caesars Entertainment during the fourth quarter valued at $385,000. Charles Schwab Investment Management Inc. lifted its holdings in Caesars Entertainment by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,971 shares of the company's stock valued at $62,728,000 after purchasing an additional 11,671 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Caesars Entertainment by 4.5% in the third quarter. Wellington Management Group LLP now owns 113,405 shares of the company's stock valued at $4,734,000 after purchasing an additional 4,840 shares during the period. Finally, Key Colony Management LLC purchased a new stake in shares of Caesars Entertainment during the fourth quarter worth about $6,350,000. 91.79% of the stock is owned by institutional investors and hedge funds.

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.