Caesars Entertainment (NASDAQ:CZR) Upgraded at Capital One Financial

Capital One Financial upgraded shares of Caesars Entertainment (NASDAQ:CZR) from an equal weight rating to an overweight rating in a report published on Thursday, MarketBeat reports. The firm currently has $47.00 target price on the stock, down from their prior target price of $51.00.

Several other research firms also recently issued reports on CZR. JMP Securities dropped their price target on shares of 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. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and set a $30.00 price target for the company in a report on Thursday, March 6th. Raymond James dropped their price objective on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a report on Wednesday, March 19th. Jefferies Financial Group reduced their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Barclays dropped their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.80.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $23.18 on Thursday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment has a 1-year low of $21.40 and a 1-year high of $45.93. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -13.88 and a beta of 2.97. The business has a 50-day moving average of $31.83 and a 200-day moving average of $36.12.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, equities analysts anticipate that Caesars Entertainment will post -0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 1,777.8% during 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 bought a new position in Caesars Entertainment during the 4th quarter worth $28,000. Resona Asset Management Co. Ltd. acquired a new stake in Caesars Entertainment in the fourth quarter worth $44,000. Canada Pension Plan Investment Board lifted its stake in Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company’s stock valued at $53,000 after buying an additional 800 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Caesars Entertainment during the third quarter valued at $68,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.