Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Rating of “Moderate Buy” from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) has been given an average recommendation of “Moderate Buy” by the nineteen research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $82.19.

CZR has been the subject of several research reports. Susquehanna Bancshares cut their price objective on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a research note on Monday, October 3rd. Susquehanna decreased their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research note on Monday, October 3rd. Truist Financial reduced their price objective on Caesars Entertainment from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Barclays increased their target price on Caesars Entertainment from $56.00 to $65.00 in a report on Wednesday, August 3rd. Finally, Cowen dropped their price objective on Caesars Entertainment to $75.00 in a report on Thursday, October 20th.

Caesars Entertainment Stock Performance

Shares of CZR opened at $49.98 on Friday. The stock has a market cap of $10.72 billion, a P/E ratio of -9.02 and a beta of 2.83. The stock has a 50-day moving average of $41.64 and a two-hundred day moving average of $44.41. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment has a one year low of $31.31 and a one year high of $97.39.

Insider Transactions at Caesars Entertainment

In other news, Director Michael E. Pegram purchased 25,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the purchase, the director now directly owns 96,697 shares of the company’s stock, valued at approximately $4,326,223.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Truist Financial Corp boosted its stake in Caesars Entertainment by 7.5% in the 1st quarter. Truist Financial Corp now owns 4,341 shares of the company’s stock worth $336,000 after purchasing an additional 304 shares during the period. Kestra Advisory Services LLC increased its stake in Caesars Entertainment by 7.6% in the first quarter. Kestra Advisory Services LLC now owns 2,899 shares of the company’s stock valued at $224,000 after acquiring an additional 205 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Caesars Entertainment by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 17,686 shares of the company’s stock valued at $1,368,000 after acquiring an additional 986 shares during the last quarter. Regentatlantic Capital LLC boosted its position in Caesars Entertainment by 18.1% in the first quarter. Regentatlantic Capital LLC now owns 3,872 shares of the company’s stock valued at $300,000 after buying an additional 593 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Caesars Entertainment by 0.9% in the first quarter. Mutual of America Capital Management LLC now owns 33,556 shares of the company’s stock valued at $2,596,000 after buying an additional 301 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

Caesars Entertainment Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.