Caesars Entertainment (NASDAQ:CZR) Raised to “Neutral” at Susquehanna

Caesars Entertainment (NASDAQ:CZR) was upgraded by research analysts at Susquehanna from a “negative” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a $30.00 price objective on the stock. Susquehanna’s price target points to a potential upside of 5.34% from the stock’s previous close.

Several other research analysts have also commented on the stock. Jefferies Financial Group lowered their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. JMP Securities lowered their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Barclays lowered 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. Wells Fargo & Company lowered their price objective on shares of 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, Macquarie lowered their price objective on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $50.43.

Caesars Entertainment Trading Down 1.5 %

Shares of CZR stock opened at $28.48 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market cap of $6.04 billion, a PE ratio of -17.05 and a beta of 2.97. The company has a 50-day moving average of $34.47 and a two-hundred day moving average of $37.64. Caesars Entertainment has a 1-year low of $26.92 and a 1-year high of $45.93.

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

Institutional Trading of Caesars Entertainment

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company’s stock worth $780,854,000 after buying an additional 100,263 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company’s stock worth $662,088,000 after buying an additional 2,555,876 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company’s stock worth $487,265,000 after buying an additional 1,882,728 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Caesars Entertainment by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock worth $526,309,000 after buying an additional 1,983,151 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company’s stock worth $185,594,000 after buying an additional 1,213,426 shares during the last quarter. Hedge funds and other 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.