Caesars Entertainment (NASDAQ:CZR) Upgraded to “Overweight” at Capital One Financial

Capital One Financial upgraded shares of Caesars Entertainment (NASDAQ:CZR) from an equal weight rating to an overweight rating in a research note issued to investors on Thursday, MarketBeat reports. Capital One Financial currently has $47.00 target price on the stock, down from their prior target price of $51.00.

Other equities research analysts have also recently issued research reports about the company. TD Cowen dropped their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Macquarie dropped their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial dropped their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Caesars Entertainment Trading Down 2.5 %

Shares of CZR stock opened at $23.18 on Thursday. The firm has a market capitalization of $4.91 billion, a PE ratio of -13.88 and a beta of 2.97. 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 1 year low of $21.40 and a 1 year high of $45.93. The stock has a fifty day moving average of $31.83 and a two-hundred day moving average of $36.12.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data 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. 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 the consensus estimate of $2.81 billion. As a group, research analysts expect that Caesars Entertainment will post -0.77 EPS for the current year.

Institutional Trading of Caesars Entertainment

Several large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in Caesars Entertainment by 65.8% during the third quarter. Cerity Partners LLC now owns 18,237 shares of the company’s stock valued at $761,000 after buying an additional 7,235 shares during the period. The Manufacturers Life Insurance Company grew its stake in Caesars Entertainment by 0.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company’s stock valued at $7,034,000 after acquiring an additional 582 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Caesars Entertainment by 11.3% in the 3rd quarter. Townsquare Capital LLC now owns 8,001 shares of the company’s stock valued at $334,000 after purchasing an additional 814 shares during the period. Glenmede Trust Co. NA purchased a new stake in shares of Caesars Entertainment in the third quarter worth approximately $258,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Caesars Entertainment by 362.5% during the third quarter. Public Sector Pension Investment Board now owns 37,766 shares of the company’s stock worth $1,576,000 after purchasing an additional 29,600 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

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.