Caesars Entertainment (NASDAQ:CZR) Raised to "Neutral" at Susquehanna

Susquehanna upgraded shares of Caesars Entertainment (NASDAQ:CZR - Free Report) from a negative rating to a neutral rating in a research note released on Thursday, MarketBeat reports. Susquehanna currently has $30.00 target price on the stock.

A number of other analysts have also recently weighed in on the company. TD Cowen decreased their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Truist Financial reduced their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus dropped their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, JMP Securities cut their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.43.

Caesars Entertainment Stock Performance

Shares of CZR stock traded down $1.22 during trading hours on Thursday, hitting $27.26. The stock had a trading volume of 6,259,315 shares, compared to its average volume of 4,973,970. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market capitalization of $5.78 billion, a PE ratio of -16.32 and a beta of 2.97. The stock's 50 day moving average is $34.37 and its 200 day moving average is $37.60. Caesars Entertainment has a twelve month low of $26.84 and a twelve month high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. As a group, research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. raised its position in Caesars Entertainment by 8.0% during the third quarter. Assetmark Inc. now owns 3,447 shares of the company's stock worth $144,000 after acquiring an additional 256 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Caesars Entertainment by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,504 shares of the company's stock worth $1,287,000 after purchasing an additional 408 shares during the last quarter. Arizona State Retirement System lifted its stake in Caesars Entertainment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 62,785 shares of the company's stock valued at $2,098,000 after buying an additional 470 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Caesars Entertainment by 6.1% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,700 shares of the company's stock valued at $291,000 after buying an additional 500 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. increased its position in Caesars Entertainment by 0.4% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 118,000 shares of the company's stock worth $3,944,000 after buying an additional 500 shares in the last quarter. 91.79% of the stock is currently 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.