Caesars Entertainment (NASDAQ:CZR) Upgraded at StockNews.com

Posted by Defense World Staff on Mar 17th, 2023

Caesars Entertainment (NASDAQ:CZR – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

CZR has been the topic of several other research reports. Stifel Nicolaus raised their price target on shares of Caesars Entertainment from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, January 24th. JPMorgan Chase & Co. raised their price target on shares of Caesars Entertainment from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, February 22nd. Wells Fargo & Company lifted their target price on shares of Caesars Entertainment from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. B. Riley lifted their target price on shares of Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Finally, Bank of America decreased their price target on shares of Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.77.

Caesars Entertainment Trading Up 0.9 %

Shares of Caesars Entertainment stock opened at $44.71 on Wednesday. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a fifty day moving average price of $50.42 and a 200 day moving average price of $46.12. Caesars Entertainment has a 1 year low of $31.31 and a 1 year high of $81.57. The stock has a market cap of $9.62 billion, a PE ratio of -10.53 and a beta of 2.90.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors have recently bought and sold shares of CZR. Wipfli Financial Advisors LLC purchased a new position in Caesars Entertainment during the third quarter worth about $25,000. Hexagon Capital Partners LLC purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $29,000. Quadrant Capital Group LLC raised its stake in shares of 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 acquiring an additional 293 shares during the period. American National Bank purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $31,000. Finally, Elequin Securities LLC purchased a new stake in shares of Caesars Entertainment in the 4th quarter valued at approximately $32,000. 93.88% of the stock is owned by hedge funds and other institutional investors.

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.