Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) has been given a consensus recommendation of "Hold" by the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $68.71.

A number of research analysts have weighed in on CZR shares. Truist Financial reduced their target price on Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday. Barclays upped their target price on Caesars Entertainment from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Tuesday, January 24th. StockNews.com started coverage on Caesars Entertainment in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Wells Fargo & Company boosted their price target on Caesars Entertainment from $72.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 25th.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth $25,000. Hexagon Capital Partners LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth $29,000. Quadrant Capital Group LLC increased its stake in Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company's stock worth $30,000 after buying an additional 293 shares in the last quarter. American National Bank purchased a new stake in Caesars Entertainment in the 3rd quarter worth $31,000. Finally, Assetmark Inc. increased its stake in Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company's stock worth $35,000 after buying an additional 479 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Up 0.6 %

Caesars Entertainment (NASDAQ:CZR – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.84 billion. On average, equities analysts expect that Caesars Entertainment will post -1.72 EPS for the current year.

About Caesars Entertainment

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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