Caesars Entertainment (NASDAQ:CZR) Upgraded at Susquehanna

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

Several other research analysts have also issued reports on CZR. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Truist Financial decreased their price objective on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group dropped their target price on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Barclays dropped their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Caesars Entertainment presently has an average rating of “Moderate Buy” and an average target price of $50.43.

Caesars Entertainment Stock Performance

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 firm’s fifty day simple moving average is $34.37 and its 200 day simple moving average is $37.59. The stock has a market cap of $6.04 billion, a P/E ratio of -17.05 and a beta of 2.97. Caesars Entertainment has a twelve month low of $26.92 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last announced its 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 net margin of 3.20% and a negative return on equity of 4.44%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. As a group, research analysts predict that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several institutional investors have recently added to or reduced their stakes in CZR. Assetmark Inc. lifted its holdings in shares of Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock valued at $144,000 after purchasing an additional 256 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Caesars Entertainment by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company’s stock valued at $1,287,000 after acquiring an additional 408 shares during the period. Arizona State Retirement System boosted its holdings in shares of Caesars Entertainment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company’s stock valued at $2,098,000 after acquiring an additional 470 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Caesars Entertainment by 6.1% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company’s stock worth $291,000 after acquiring an additional 500 shares during the period. Finally, Contrarian Capital Management L.L.C. grew its stake in shares of Caesars Entertainment by 0.4% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company’s stock worth $3,944,000 after acquiring an additional 500 shares during the period. 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.