Caesars Entertainment (NASDAQ:CZR – Get Rating) had its price target reduced by stock analysts at Susquehanna Bancshares from $32.00 to $27.00 in a research note issued on Monday, Stock Target Advisor reports. The firm presently has a "negative" rating on the stock. Susquehanna Bancshares' price objective would suggest a potential downside of 19.04% from the company's current price.
A number of other analysts also recently weighed in on CZR. Deutsche Bank Aktiengesellschaft decreased their price target on Caesars Entertainment from $90.00 to $64.00 in a research note on Wednesday, August 3rd. Cowen decreased their target price on Caesars Entertainment to $87.00 in a research report on Tuesday, August 9th. Susquehanna cut their price target on Caesars Entertainment from $32.00 to $27.00 in a research note on Monday. Barclays increased their price target on Caesars Entertainment from $56.00 to $65.00 in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus decreased their price objective on Caesars Entertainment from $113.00 to $63.00 in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.44.
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Caesars Entertainment Stock Up 3.4 %
Shares of NASDAQ CZR traded up $1.09 during midday trading on Monday, hitting $33.35. 107,744 shares of the company's stock were exchanged, compared to its average volume of 3,468,226. The company has a debt-to-equity ratio of 7.06, a current ratio of 1.00 and a quick ratio of 0.99. Caesars Entertainment has a twelve month low of $31.38 and a twelve month high of $119.59. The company has a market cap of $7.15 billion, a PE ratio of -4.85 and a beta of 2.77. The firm's fifty day simple moving average is $44.49 and its 200-day simple moving average is $51.72.
Institutional Trading of Caesars Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of CZR. Federated Hermes Inc. grew its position in Caesars Entertainment by 15.7% during the 2nd quarter. Federated Hermes Inc. now owns 2,127 shares of the company's stock valued at $81,000 after purchasing an additional 288 shares during the last quarter. Private Trust Co. NA bought a new stake in Caesars Entertainment during the 2nd quarter worth approximately $39,000. Verition Fund Management LLC grew its holdings in Caesars Entertainment by 167.8% during the 2nd quarter. Verition Fund Management LLC now owns 53,521 shares of the company's stock valued at $2,049,000 after buying an additional 33,539 shares in the last quarter. BDO Wealth Advisors LLC grew its holdings in shares of Caesars Entertainment by 49,900.0% in the second quarter. BDO Wealth Advisors LLC now owns 5,000 shares of the company's stock valued at $192,000 after purchasing an additional 4,990 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Caesars Entertainment by 2.1% in the second quarter. Legal & General Group Plc now owns 1,214,869 shares of the company's stock valued at $46,529,000 after purchasing an additional 25,243 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.
About Caesars Entertainment
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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.
Further Reading
- Get a free copy of the StockNews.com research report on Caesars Entertainment (CZR)
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