Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $48.00 at TD Cowen

Caesars Entertainment (NASDAQ:CZR) had its price objective decreased by TD Cowen from $50.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 33.71% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price target on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lowered their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Barclays decreased their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. JMP Securities decreased their price target on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Price Performance

CZR stock traded up $0.37 during trading on Tuesday, hitting $35.90. 881,662 shares of the stock traded hands, compared to its average volume of 4,372,674. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of -21.50 and a beta of 2.90. The company has a 50 day simple moving average of $34.93 and a 200 day simple moving average of $37.75. Caesars Entertainment has a one year low of $30.78 and a one year high of $45.93.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp grew its holdings in shares of Caesars Entertainment by 20.2% during the 2nd quarter. Truist Financial Corp now owns 6,255 shares of the company’s stock worth $249,000 after purchasing an additional 1,050 shares during the period. Sanctuary Advisors LLC purchased a new position in Caesars Entertainment in the second quarter valued at about $674,000. Czech National Bank lifted its stake in shares of Caesars Entertainment by 6.9% during the third quarter. Czech National Bank now owns 44,070 shares of the company’s stock worth $1,839,000 after purchasing an additional 2,830 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Caesars Entertainment by 25.1% in the third quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after buying an additional 403 shares in the last quarter. Finally, CWM LLC boosted its holdings in Caesars Entertainment by 92.0% in the 3rd quarter. CWM LLC now owns 4,993 shares of the company’s stock worth $208,000 after acquiring an additional 2,392 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

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.