Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $82.19 Average PT from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) have earned a consensus recommendation of “Hold” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $79.19.

Several brokerages have recently issued reports on CZR. Morgan Stanley began coverage on Caesars Entertainment in a research report on Monday. They issued an “equal weight” rating and a $51.00 price target on the stock. Cowen lowered their price target on Caesars Entertainment from $105.00 to $87.00 in a research report on Wednesday, August 3rd. Susquehanna Bancshares lowered their price target on Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research report on Monday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Caesars Entertainment from $90.00 to $64.00 in a research report on Wednesday, August 3rd. Finally, Cowen lowered their price target on Caesars Entertainment to $75.00 in a research report on Thursday, October 20th.

Insider Activity

In other news, Director Michael E. Pegram bought 25,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the completion of the purchase, the director now owns 96,697 shares of the company’s stock, valued at approximately $4,326,223.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Toroso Investments LLC raised its position in Caesars Entertainment by 10.5% in the 3rd quarter. Toroso Investments LLC now owns 9,455 shares of the company’s stock worth $305,000 after purchasing an additional 898 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $650,000. Power Corp of Canada bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $117,000. Future Fund LLC raised its position in Caesars Entertainment by 6.5% in the 3rd quarter. Future Fund LLC now owns 6,514 shares of the company’s stock worth $210,000 after purchasing an additional 397 shares during the last quarter. Finally, M&T Bank Corp raised its position in Caesars Entertainment by 18.4% in the 3rd quarter. M&T Bank Corp now owns 9,618 shares of the company’s stock worth $310,000 after purchasing an additional 1,498 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $49.15 on Friday. Caesars Entertainment has a fifty-two week low of $31.31 and a fifty-two week high of $97.39. The stock’s 50-day moving average is $41.79 and its two-hundred day moving average is $44.15. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $10.55 billion, a P/E ratio of -8.87 and a beta of 2.83.

About Caesars Entertainment

(Get Rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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