Caesars Entertainment (NASDAQ:CZR) Upgraded to Neutral at Susquehanna

Susquehanna upgraded shares of Caesars Entertainment (NASDAQ:CZR - Free Report) from a negative rating to a neutral rating in a report published on Thursday morning, MarketBeat Ratings reports. They currently have $30.00 target price on the stock.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Macquarie reduced their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Jefferies Financial Group dropped their price objective on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. TD Cowen cut their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.43.

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Caesars Entertainment Stock Down 1.5 %

Shares of NASDAQ CZR traded down $0.43 during mid-day trading on Thursday, hitting $28.48. The company had a trading volume of 9,443,689 shares, compared to its average volume of 4,943,883. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The firm has a 50-day simple moving average of $34.37 and a two-hundred day simple moving average of $37.59. The company has a market capitalization of $6.04 billion, a PE ratio of -17.05 and a beta of 2.97. Caesars Entertainment has a one year low of $26.92 and a one year high of $45.93.

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

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of CZR. Bogart Wealth LLC lifted its holdings in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after acquiring an additional 800 shares during the period. FIL Ltd acquired a new position in Caesars Entertainment during the fourth quarter valued at approximately $28,000. Huntington National Bank lifted its stake in Caesars Entertainment by 3,203.8% during the third quarter. Huntington National Bank now owns 859 shares of the company's stock worth $36,000 after purchasing an additional 833 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $44,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Caesars Entertainment by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

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.