Caesars Entertainment (NASDAQ:CZR – Get Rating) had its price objective reduced by Susquehanna Bancshares from $32.00 to $27.00 in a research report sent to investors on Monday morning, Stock Target Advisor reports. Susquehanna Bancshares currently has a negative rating on the stock.
A number of other analysts have also issued reports on CZR. Susquehanna lowered their price target on Caesars Entertainment from $32.00 to $27.00 in a research note on Monday. B. Riley dropped their target price on shares of Caesars Entertainment from $149.00 to $128.00 and set a buy rating for the company in a report on Tuesday, June 28th. Cowen lowered their price target on shares of Caesars Entertainment from $105.00 to $87.00 in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Caesars Entertainment from $90.00 to $64.00 in a report on Wednesday, August 3rd. Finally, KeyCorp cut Caesars Entertainment to a sector weight rating in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Caesars Entertainment has a consensus rating of Moderate Buy and a consensus target price of $87.44.
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Caesars Entertainment Trading Up 5.9 %
CZR stock opened at $34.15 on Monday. Caesars Entertainment has a 12-month low of $31.31 and a 12-month high of $119.59. The business's 50-day moving average is $44.33 and its 200 day moving average is $51.39. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 7.06. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of -4.96 and a beta of 2.77.
Hedge Funds Weigh In On Caesars Entertainment
A number of hedge funds have recently made changes to their positions in CZR. Capital Research Global Investors boosted its position in shares of Caesars Entertainment by 20.5% during the first quarter. Capital Research Global Investors now owns 20,877,113 shares of the company's stock worth $1,615,057,000 after buying an additional 3,548,997 shares during the period. FMR LLC boosted its holdings in Caesars Entertainment by 13.0% during the 2nd quarter. FMR LLC now owns 19,165,674 shares of the company's stock valued at $734,045,000 after acquiring an additional 2,206,419 shares during the period. Norges Bank acquired a new position in Caesars Entertainment in the 4th quarter valued at about $178,319,000. Capital World Investors increased its stake in Caesars Entertainment by 17.5% during the first quarter. Capital World Investors now owns 12,756,091 shares of the company's stock worth $986,811,000 after purchasing an additional 1,902,200 shares during the period. Finally, 140 Summer Partners LP acquired a new stake in shares of Caesars Entertainment during the second quarter worth about $40,323,000. Hedge funds and other institutional investors own 95.55% of the company's stock.
Caesars Entertainment Company Profile
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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.
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