Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $51.21 Average Target Price from Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $51.21.

CZR has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. TD Cowen decreased their target price on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group decreased their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their target price on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of CZR. Bogart Wealth LLC boosted its holdings in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 800 shares during the period. FIL Ltd purchased a new position in Caesars Entertainment during the 4th quarter valued at $28,000. Huntington National Bank boosted its holdings in Caesars Entertainment by 3,203.8% during the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock valued at $36,000 after acquiring an additional 833 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in Caesars Entertainment during the 4th quarter valued at $44,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.8 %

NASDAQ CZR opened at $35.04 on Friday. The stock’s 50-day moving average price is $34.69 and its 200-day moving average price is $37.87. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93. The company has a market capitalization of $7.45 billion, a P/E ratio of -20.98 and a beta of 2.90.

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.