Caesars Entertainment (NASDAQ:CZR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Caesars Entertainment (NASDAQ:CZR – Get Rating) from a hold rating to a buy rating in a research note released on Wednesday morning.

A number of other brokerages have also commented on CZR. B. Riley increased their price objective on Caesars Entertainment from $102.00 to $111.00 and gave the company a buy rating in a report on Tuesday, February 21st. Wells Fargo & Company raised their target price on Caesars Entertainment from $72.00 to $74.00 and gave the company an overweight rating in a report on Wednesday, January 25th. Barclays raised their target price on Caesars Entertainment from $66.00 to $70.00 and gave the company an overweight rating in a report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Caesars Entertainment from $64.00 to $70.00 in a report on Tuesday, January 31st. Finally, Bank of America lowered their target price on Caesars Entertainment from $55.00 to $50.00 in a report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $65.77.

Caesars Entertainment Price Performance

CZR opened at $43.19 on Wednesday. Caesars Entertainment has a fifty-two week low of $31.31 and a fifty-two week high of $81.57. The business has a 50-day moving average of $50.45 and a 200-day moving average of $46.10. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.37.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Caesars Entertainment by 1.0% during the third quarter. Vanguard Group Inc. now owns 22,308,591 shares of the company’s stock worth $719,676,000 after purchasing an additional 224,057 shares during the period. FMR LLC grew its stake in shares of Caesars Entertainment by 13.0% during the second quarter. FMR LLC now owns 19,165,674 shares of the company’s stock worth $734,045,000 after purchasing an additional 2,206,419 shares during the period. Point Break Capital Management LLC grew its stake in shares of Caesars Entertainment by 10.3% during the first quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock worth $821,396,000 after purchasing an additional 987,230 shares during the period. State Street Corp grew its stake in shares of Caesars Entertainment by 2.0% during the third quarter. State Street Corp now owns 7,736,439 shares of the company’s stock worth $249,578,000 after purchasing an additional 148,184 shares during the period. Finally, HG Vora Capital Management LLC grew its stake in shares of Caesars Entertainment by 20.0% during the third quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the company’s stock worth $193,560,000 after purchasing an additional 1,000,000 shares during the period. 93.88% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Company Profile

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.