Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.08.

A number of equities research analysts have recently issued reports on the company. JMP Securities assumed coverage on Caesars Entertainment in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $65.00 price target for the company. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Morgan Stanley decreased their price target on Caesars Entertainment from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, November 13th. Barclays decreased their price target on Caesars Entertainment from $75.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Finally, StockNews.com cut Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Read Our Latest Research Report on Caesars Entertainment

Institutional Trading of Caesars Entertainment

Several institutional investors have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Caesars Entertainment in the 3rd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $45,000. Principal Securities Inc. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $46,000. TFO Wealth Partners LLC grew its position in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Northwest Capital Management Inc bought a new position in Caesars Entertainment in the 2nd quarter worth about $64,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of CZR opened at $44.71 on Tuesday. The stock has a 50-day moving average of $45.40 and a two-hundred day moving average of $47.27. Caesars Entertainment has a one year low of $38.33 and a one year high of $60.27. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.71 and a current ratio of 0.73. The stock has a market cap of $9.64 billion, a P/E ratio of 13.67 and a beta of 2.85.

About Caesars Entertainment

(Get Free Report

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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