Caesars Entertainment (NASDAQ:CZR) Raised to “Hold” at Wall Street Zen

Caesars Entertainment (NASDAQ:CZR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

CZR has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. Stifel Nicolaus dropped their price objective on Caesars Entertainment from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup reissued a “market outperform” rating on shares of Caesars Entertainment in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $31.73.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $26.53 on Friday. The company has a market cap of $5.40 billion, a P/E ratio of -10.92 and a beta of 1.87. Caesars Entertainment has a 1-year low of $17.86 and a 1-year high of $31.58. The company has a fifty day simple moving average of $23.76 and a 200 day simple moving average of $23.38. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 3.17.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.05). The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. Research analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CZR. CoreCap Advisors LLC grew its position in shares of Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Caesars Entertainment by 1.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after purchasing an additional 493 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 510 shares during the period. Corient Private Wealth LLC boosted its stake in Caesars Entertainment by 3.5% in the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock valued at $459,000 after purchasing an additional 549 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Caesars Entertainment by 1.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,008 shares of the company’s stock valued at $959,000 after buying an additional 562 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.