Caesars Entertainment (CZR) Rating Grow to Hold at BidaskClub

Caesars Entertainment (CZR) Rating Grow to Hold at BidaskClub

BidaskClub upgraded shares of Caesars Entertainment (NASDAQ:CZR) from a sell rating to a hold rating in a research report sent to investors on Friday, October 19th.

Several other analysts also recently issued reports on CZR. Zacks Investment Research upgraded Caesars Entertainment from a sell rating to a hold rating in a research note on Monday, October 8th. Deutsche Bank initiated coverage on Caesars Entertainment in a research note on Tuesday, September 4th. They issued a buy rating and a $14.00 price target for the company. UBS Group initiated coverage on Caesars Entertainment in a research note on Monday, September 24th. They issued a sell rating and a $9.00 price target for the company. Bank of America started coverage on Caesars Entertainment in a research note on Monday, July 23rd. They issued a buy rating and a $14.00 price target for the company. Finally, Jefferies Financial Group set a $11.00 target price on Caesars Entertainment and gave the company a hold rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $13.10.

Shares of NASDAQ CZR traded down $0.03 during midday trading on Friday, hitting $9.50. 23,269,507 shares of the company’s stock were exchanged, compared to its average volume of 13,611,104. The company has a current ratio of 1.98, a quick ratio of 1.96 and a debt-to-equity ratio of 5.52. Caesars Entertainment has a 12 month low of $7.95 and a 12 month high of $14.50. The company has a market capitalization of $6.61 billion, a P/E ratio of -2.82 and a beta of 0.81.

In other Caesars Entertainment news, EVP Christopher J. Holdren purchased 5,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was bought at an average price of $9.85 per share, with a total value of $49,250.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John M. Boushy purchased 10,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average cost of $9.95 per share, with a total value of $99,500.00. Following the acquisition, the director now directly owns 46,139 shares in the company, valued at approximately $459,083.05. The disclosure for this purchase can be found here. 0.92% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its position in shares of Caesars Entertainment by 2.4% in the 1st quarter. Northern Trust Corp now owns 1,508,203 shares of the company’s stock valued at $16,967,000 after buying an additional 35,593 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Caesars Entertainment by 584.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 267,697 shares of the company’s stock valued at $3,012,000 after buying an additional 228,593 shares during the last quarter. Sei Investments Co. grew its position in shares of Caesars Entertainment by 131.6% in the 1st quarter. Sei Investments Co. now owns 224,570 shares of the company’s stock valued at $2,526,000 after buying an additional 127,613 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Caesars Entertainment in the 1st quarter valued at about $469,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Caesars Entertainment in the 2nd quarter valued at about $655,000.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

Featured Article: Bond

Related posts

Leave a Comment