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

Caesars Entertainment (NASDAQ:CZR – Get Rating) was upgraded by investment analysts at Susquehanna from a “negative” rating to a “neutral” rating in a report issued on Thursday, The Fly reports. The firm currently has a $39.00 price objective on the stock, up from their prior price objective of $27.00. Susquehanna’s target price points to a potential downside of 7.47% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Caesars Entertainment from $70.00 to $68.00 in a research report on Wednesday, May 3rd. Morgan Stanley lifted their price objective on Caesars Entertainment from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. JPMorgan Chase & Co. boosted their price target on Caesars Entertainment from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 22nd. Wells Fargo & Company boosted their price target on Caesars Entertainment from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. Finally, StockNews.com initiated coverage on Caesars Entertainment in a research report on Thursday, May 18th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Caesars Entertainment currently has an average rating of “Hold” and an average target price of $66.54.

Caesars Entertainment Price Performance

CZR opened at $42.15 on Thursday. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of -25.39 and a beta of 2.89. Caesars Entertainment has a 1 year low of $31.31 and a 1 year high of $56.75. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 7.03. The stock has a fifty day moving average price of $44.27 and a 200 day moving average price of $47.36.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.07. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Caesars Entertainment had a positive return on equity of 2.24% and a negative net margin of 3.13%. Analysts forecast that Caesars Entertainment will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently made changes to their positions in CZR. Vanguard Group Inc. increased its stake in Caesars Entertainment by 1.0% during the third quarter. Vanguard Group Inc. now owns 22,308,591 shares of the company’s stock valued at $719,676,000 after acquiring an additional 224,057 shares during the period. BlackRock Inc. increased its stake in Caesars Entertainment by 3.9% during the first quarter. BlackRock Inc. now owns 18,038,618 shares of the company’s stock valued at $880,465,000 after acquiring an additional 676,512 shares during the period. Point Break Capital Management LLC increased its stake in Caesars Entertainment by 10.3% during the first quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock valued at $821,396,000 after acquiring an additional 987,230 shares during the period. State Street Corp increased its stake in Caesars Entertainment by 2.0% during the third quarter. State Street Corp now owns 7,736,439 shares of the company’s stock valued at $249,578,000 after acquiring an additional 148,184 shares during the period. Finally, HG Vora Capital Management LLC increased its stake in Caesars Entertainment by 20.0% during the third quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the company’s stock valued at $193,560,000 after acquiring an additional 1,000,000 shares during the period. 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.