Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $48.00 by Analysts at TD Cowen

Caesars Entertainment (NASDAQ:CZR) had its price target lowered by TD Cowen from $50.00 to $48.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

CZR has been the subject of several other research reports. Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company cut their target price on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their price target on Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, Macquarie restated an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Caesars Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Stock Performance

Shares of CZR stock opened at $36.40 on Tuesday. The company has a market capitalization of $7.73 billion, a P/E ratio of -21.80 and a beta of 2.90. Caesars Entertainment has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a 50 day moving average price of $34.80 and a two-hundred day moving average price of $37.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Bogart Wealth LLC increased its stake in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank grew its stake in shares of Caesars Entertainment by 3,203.8% in the 3rd quarter. Huntington National Bank now owns 859 shares of the company’s stock worth $36,000 after buying an additional 833 shares during the last quarter. UMB Bank n.a. bought a new position in Caesars Entertainment during the 3rd quarter valued at approximately $51,000. Quarry LP purchased a new position in Caesars Entertainment during the third quarter valued at $68,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Caesars Entertainment in the fourth quarter worth $73,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment

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.