Caesars Entertainment (NASDAQ:CZR) Price Target Increased to $68.00 by Analysts at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZRGet Rating) had its price target lifted by Stifel Nicolaus from $63.00 to $68.00 in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on CZR. Susquehanna Bancshares reduced their target price on Caesars Entertainment from $32.00 to $27.00 and set a negative rating on the stock in a research report on Monday, October 3rd. Barclays boosted their price target on Caesars Entertainment from $65.00 to $66.00 and gave the company an overweight rating in a research note on Tuesday. Cowen dropped their price target on Caesars Entertainment to $75.00 in a research note on Thursday, October 20th. Bank of America dropped their price target on Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. Finally, Truist Financial dropped their price target 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $68.07.

Caesars Entertainment Trading Up 1.5 %

Shares of NASDAQ:CZR opened at $51.09 on Tuesday. The business’s 50-day moving average is $47.12 and its 200 day moving average is $44.41. Caesars Entertainment has a 1 year low of $31.31 and a 1 year high of $89.80. The firm has a market capitalization of $10.96 billion, a P/E ratio of -9.22 and a beta of 2.83. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.80 and a quick ratio of 0.78.

Caesars Entertainment (NASDAQ:CZRGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. Caesars Entertainment had a negative return on equity of 15.21% and a negative net margin of 11.18%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. On average, research analysts predict that Caesars Entertainment will post -1.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Caesars Entertainment news, Director Michael E. Pegram purchased 25,000 shares of the stock in a transaction on Friday, November 4th. The shares were bought at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the transaction, the director now owns 96,697 shares of the company’s stock, valued at approximately $4,326,223.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds have recently bought and sold shares of CZR. Wipfli Financial Advisors LLC purchased a new position in Caesars Entertainment during the third quarter worth approximately $25,000. Hexagon Capital Partners LLC acquired a new position in shares of Caesars Entertainment during the third quarter valued at approximately $29,000. Quadrant Capital Group LLC raised its stake in Caesars Entertainment by 60.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 293 shares during the last quarter. American National Bank acquired a new position in Caesars Entertainment in the 3rd quarter valued at $31,000. Finally, Assetmark Inc. raised its stake in Caesars Entertainment by 78.1% in the 3rd quarter. Assetmark Inc. now owns 1,092 shares of the company’s stock valued at $35,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Caesars Entertainment Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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