Caesars Entertainment (NASDAQ:CZR) Stock Rating Upgraded by Susquehanna

Posted by Defense World Staff on May 27th, 2023

Caesars Entertainment (NASDAQ:CZR – Get Rating) was upgraded by equities research analysts at Susquehanna from a “negative” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a $39.00 target price on the stock, up from their previous target price of $27.00. Susquehanna’s target price would indicate a potential downside of 7.47% from the company’s current price.

Other equities analysts also recently issued reports about the company. StockNews.com assumed coverage on Caesars Entertainment in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Caesars Entertainment from $70.00 to $68.00 in a report on Wednesday, May 3rd. B. Riley raised their price objective on Caesars Entertainment from $102.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Barclays raised their price objective on Caesars Entertainment from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company raised their price objective on Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $66.54.

Caesars Entertainment Stock Up 1.8 %

CZR opened at $42.15 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 7.03. The firm has a market cap of $9.07 billion, a P/E ratio of -25.39 and a beta of 2.89. Caesars Entertainment has a 52 week low of $31.31 and a 52 week high of $56.75. The business’s fifty day simple moving average is $44.27 and its 200 day simple moving average is $47.36.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its earnings results on Tuesday, February 21st. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.07. Caesars Entertainment had a positive return on equity of 2.24% and a negative net margin of 3.13%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. As a group, equities research analysts anticipate that Caesars Entertainment will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 25,000 shares of the stock in a transaction on Friday, May 5th. The stock was purchased at an average price of $45.02 per share, for a total transaction of $1,125,500.00. Following the purchase, the director now directly owns 121,697 shares in the company, valued at $5,478,798.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CZR. Hexagon Capital Partners LLC grew its position in shares of Caesars Entertainment by 5,000.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 510 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Elequin Securities LLC acquired a new position in shares of Caesars Entertainment in the 4th quarter worth approximately $32,000. Global Retirement Partners LLC grew its position in shares of Caesars Entertainment by 76.1% in the 3rd quarter. Global Retirement Partners LLC now owns 805 shares of the company’s stock worth $35,000 after acquiring an additional 348 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Caesars Entertainment in the 1st quarter worth approximately $37,000. Finally, Garda Capital Partners LP acquired a new position in shares of Caesars Entertainment in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

About Caesars Entertainment

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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.