Caesars Entertainment (NASDAQ:CZR) was upgraded by stock analysts at TheStreet from a "d+" rating to a "c" rating in a report issued on Wednesday, TheStreetRatingsTable reports.
A number of other equities research analysts also recently commented on the stock. Roth Capital increased their price objective on shares of Caesars Entertainment from $95.00 to $134.00 and gave the company a "buy" rating in a research report on Thursday, March 4th. Macquarie increased their price objective on shares of Caesars Entertainment from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, February 26th. Zacks Investment Research raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Monday, March 1st. The Goldman Sachs Group increased their target price on shares of Caesars Entertainment from $80.00 to $88.00 and gave the company a "neutral" rating in a research report on Tuesday, January 26th. Finally, Morgan Stanley increased their target price on shares of Caesars Entertainment from $89.00 to $92.00 and gave the company an "equal weight" rating in a research report on Thursday, March 4th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Caesars Entertainment presently has an average rating of "Buy" and a consensus target price of $73.44.
Shares of CZR stock opened at $90.60 on Wednesday. The firm's 50 day moving average price is $85.89 and its 200-day moving average price is $69.11. The company has a debt-to-equity ratio of 8.19, a quick ratio of 2.53 and a current ratio of 2.55. Caesars Entertainment has a one year low of $6.62 and a one year high of $106.20. The firm has a market cap of $18.87 billion, a P/E ratio of -9.28 and a beta of 3.15.
In other Caesars Entertainment news, CEO Thomas Reeg sold 70,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $70.75, for a total transaction of $4,952,500.00. Following the transaction, the chief executive officer now directly owns 271,309 shares of the company's stock, valued at $19,195,111.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Anthony L. Carano sold 25,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $70.75, for a total transaction of $1,768,750.00. Following the transaction, the chief operating officer now directly owns 93,020 shares in the company, valued at $6,581,165. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,000 shares of company stock valued at $8,346,650. 0.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in CZR. First Trust Advisors LP lifted its position in Caesars Entertainment by 44.7% during the first quarter. First Trust Advisors LP now owns 637,174 shares of the company's stock valued at $5,537,000 after buying an additional 196,890 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Caesars Entertainment during the third quarter valued at approximately $438,000. Sei Investments Co. acquired a new position in Caesars Entertainment during the third quarter valued at approximately $11,701,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Caesars Entertainment during the third quarter worth $474,000. Finally, Victory Capital Management Inc. lifted its position in shares of Caesars Entertainment by 341.6% during the third quarter. Victory Capital Management Inc. now owns 477,424 shares of the company's stock worth $26,764,000 after purchasing an additional 369,316 shares in the last quarter. 90.68% of the stock is currently owned by hedge funds and other institutional investors.
About Caesars Entertainment
Caesars Entertainment, Inc operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers various amenities and one-of-a-kind destinations; and gaming services. The company was founded in 1937 and is based in Reno, Nevada.
Featured Article: Momentum Indicators
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Asset Allocation Models, Which is Right For You? 7 Lithium Stocks That Will Power the Electric Vehicle Boom
Demand for lithium is set to increase exponentially in the next few years. In fact, according to Statista, demand for lithium may very well double to 820,000 tons in that time. Some of that demand will come from companies that are manufacturing the batteries that we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.
But the real growth will come as the United States goes all-in on electric vehicles (EVs). The Biden administration recently announced plans to have the U.S. government’s fleet of over 600,000 vehicles converted to EVs.
And as you’re aware, EV stocks are in a bubble of some sort at the moment. Some of that is due to the increasing number of companies that went public last year. However, as investors are beginning to realize, not all of these companies will be the next Tesla. In fact, some of these companies may never be successful at bringing an EV to market, at least not at the scale that will be required.
The ones that do make it will need lithium and lots of it. To help you sift through the best lithium stocks to buy, we’ve put together this special presentation.
View the "7 Lithium Stocks That Will Power the Electric Vehicle Boom"