Caesars Entertainment (NASDAQ:CZR) Upgraded at Zacks Research

Zacks Research upgraded shares of Caesars Entertainment (NASDAQ:CZR) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus increased their target price on shares of Caesars Entertainment from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Susquehanna decreased their price target on shares of Caesars Entertainment from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Morgan Stanley decreased their price target on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Caesars Entertainment from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Finally, JMP Securities decreased their price target on shares of Caesars Entertainment from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.47.

Caesars Entertainment Trading Down 0.2%

NASDAQ:CZR opened at $25.22 on Monday. Caesars Entertainment has a 52 week low of $21.40 and a 52 week high of $45.93. The firm has a 50 day moving average of $27.86 and a 200 day moving average of $28.71. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 6.08. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -27.41 and a beta of 2.40.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.46). Caesars Entertainment had a negative net margin of 1.71% and a negative return on equity of 4.55%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the company earned ($0.56) EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several institutional investors have recently modified their holdings of CZR. JFS Wealth Advisors LLC grew its position in shares of Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after purchasing an additional 722 shares during the period. Mather Group LLC. grew its position in shares of Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares during the period. UMB Bank n.a. grew its position in shares of Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock valued at $30,000 after purchasing an additional 359 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 711 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company’s stock worth $33,000 after buying an additional 478 shares in the last quarter. 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.