Caesars Entertainment (NASDAQ:CZR) Stock Rating Upgraded by Susquehanna

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

Several other research firms also recently weighed in on CZR. Wells Fargo & Company lowered their target price on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Macquarie cut their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. JMP Securities decreased their target price on shares of 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. Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays reduced their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.43.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $28.48 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $6.04 billion, a PE ratio of -17.05 and a beta of 2.97. The firm’s 50 day moving average price is $34.37 and its 200-day moving average price is $37.59. Caesars Entertainment has a twelve month low of $26.92 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share 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 the consensus estimate of $2.81 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. Equities research analysts expect that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds have recently made changes to their positions in the company. Capital Research Global Investors increased its stake in Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock worth $662,088,000 after acquiring an additional 2,555,876 shares during the last quarter. Norges Bank purchased a new position in shares of Caesars Entertainment in the fourth quarter valued at $75,058,000. Janus Henderson Group PLC grew its holdings in shares of Caesars Entertainment by 18.7% in the third quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares in the last quarter. Cohen & Steers Inc. increased its position in Caesars Entertainment by 14.8% in the fourth quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after purchasing an additional 1,882,728 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Caesars Entertainment during the fourth quarter valued at $57,629,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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.