Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $51.21.

CZR has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Barclays lowered their target price on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. TD Cowen lowered their target price on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus lowered their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, October 31st.

Caesars Entertainment Stock Down 6.4 %

CZR opened at $35.34 on Friday. The firm’s 50-day simple moving average is $34.72 and its 200-day simple moving average is $37.84. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment has a twelve month low of $30.78 and a twelve month high of $45.93. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of -21.16 and a beta of 2.90.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital Research Global Investors raised its position in shares of Caesars Entertainment by 14.8% in the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock valued at $662,088,000 after acquiring an additional 2,555,876 shares during the period. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $75,058,000. Janus Henderson Group PLC raised its position in shares of Caesars Entertainment by 18.7% in 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. Cohen & Steers Inc. raised its position in shares of Caesars Entertainment by 14.8% in the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock valued at $487,265,000 after acquiring an additional 1,882,728 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $57,629,000. 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.