Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.6111.

Several brokerages have recently issued reports on CZR. Citigroup restated a “market outperform” rating on shares of Caesars Entertainment in a research note on Monday, December 1st. Truist Financial cut their price target on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley reduced their price target on shares of Caesars Entertainment from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Stifel Nicolaus decreased their price objective on shares of Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of Caesars Entertainment by 47.7% in the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company’s stock worth $953,000 after buying an additional 12,698 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Caesars Entertainment by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company’s stock valued at $496,000 after acquiring an additional 1,623 shares during the period. Goldman Sachs Group Inc. boosted its position in Caesars Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company’s stock worth $39,982,000 after purchasing an additional 826,356 shares in the last quarter. Woodline Partners LP grew its stake in shares of Caesars Entertainment by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,952 shares of the company’s stock worth $449,000 after purchasing an additional 5,192 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Caesars Entertainment by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company’s stock worth $12,665,000 after purchasing an additional 3,198 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $18.14 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -15.77, a PEG ratio of 24.61 and a beta of 2.03. The company has a debt-to-equity ratio of 6.23, a current ratio of 0.78 and a quick ratio of 0.76. The stock’s fifty day moving average price is $23.02 and its 200 day moving average price is $23.59. Caesars Entertainment has a 1 year low of $17.94 and a 1 year high of $40.00.

Caesars Entertainment Company Profile

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.