StockNews.com Upgrades Caesars Entertainment (NASDAQ:CZR) to “Hold”

Caesars Entertainment (NASDAQ:CZR) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other analysts have also issued reports on CZR. JPMorgan Chase & Co. increased their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group decreased their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday. Macquarie restated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $59.00 price target on shares of Caesars Entertainment in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.00.

Caesars Entertainment Price Performance

Shares of CZR opened at $39.22 on Thursday. The stock’s fifty day moving average is $41.07 and its 200-day moving average is $38.18. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of -23.48 and a beta of 2.97. Caesars Entertainment has a one year low of $31.74 and a one year high of $50.51. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.68 and a current ratio of 0.84.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Caesars Entertainment will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in shares of Caesars Entertainment by 9.8% in the third quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after acquiring an additional 248 shares in the last quarter. Assetmark Inc. raised its position in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after buying an additional 256 shares in the last quarter. American Trust raised its position in Caesars Entertainment by 4.5% during the first quarter. American Trust now owns 7,346 shares of the company’s stock valued at $321,000 after purchasing an additional 313 shares in the last quarter. Private Advisor Group LLC raised its position in Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock valued at $453,000 after purchasing an additional 317 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Caesars Entertainment by 25.1% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

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.