Caesars Entertainment (NASDAQ:CZR – Get Rating) had its price target raised by Deutsche Bank Aktiengesellschaft from $64.00 to $70.00 in a report released on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 30.99% from the stock's current price.
Several other research firms also recently issued reports on CZR. Truist Financial decreased their price objective on shares of Caesars Entertainment from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Morgan Stanley assumed coverage on shares of Caesars Entertainment in a research note on Monday, November 21st. They issued an "equal weight" rating and a $51.00 price target on the stock. Susquehanna decreased their price target on shares of Caesars Entertainment from $32.00 to $27.00 and set a "negative" rating on the stock in a research note on Monday, October 3rd. StockNews.com assumed coverage on shares of Caesars Entertainment in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Cowen decreased their price target on shares of Caesars Entertainment to $75.00 in a research note on Thursday, October 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $68.71.
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Caesars Entertainment Stock Up 2.7 %
CZR stock opened at $53.44 on Tuesday. The firm has a market cap of $11.47 billion, a PE ratio of -9.65 and a beta of 2.83. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. The firm's fifty day moving average is $47.43 and its 200 day moving average is $44.97. Caesars Entertainment has a one year low of $31.31 and a one year high of $89.80.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. Caesars Entertainment had a negative net
margin of 11.18% and a negative return on equity of 15.21%. On average, research analysts forecast that Caesars Entertainment will post -1.72 EPS for the current year.
Insider Activity at Caesars Entertainment
In other Caesars Entertainment news, Director Michael E. Pegram acquired 25,000 shares of the company's stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the acquisition, the director now owns 96,697 shares of the company's stock, valued at approximately $4,326,223.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Caesars Entertainment by 13.0% during the 2nd quarter. FMR LLC now owns 19,165,674 shares of the company's stock worth $734,045,000 after buying an additional 2,206,419 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Caesars Entertainment by 49.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,460,971 shares of the company's stock worth $111,651,000 after buying an additional 1,143,332 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Caesars Entertainment by 121.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,977,721 shares of the company's stock worth $63,801,000 after buying an additional 1,083,789 shares during the last quarter. 140 Summer Partners LP purchased a new stake in shares of Caesars Entertainment during the 2nd quarter worth approximately $40,323,000. Finally, HG Vora Capital Management LLC lifted its position in shares of Caesars Entertainment by 20.0% during the 3rd quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the company's stock worth $193,560,000 after buying an additional 1,000,000 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company's stock.
Caesars Entertainment Company Profile
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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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