Caesars Entertainment (NASDAQ:CZR) Given New $48.00 Price Target at TD Cowen

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by TD Cowen from $50.00 to $48.00 in a report released on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

CZR has been the subject of a number of other research reports. JMP Securities decreased their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price 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. Macquarie reissued an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.21.

Caesars Entertainment Trading Up 1.7 %

Caesars Entertainment stock opened at $36.13 on Tuesday. The company has a 50 day moving average price of $34.88 and a 200 day moving average price of $37.74. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of -21.63 and a beta of 2.90.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of CZR. Janus Henderson Group PLC lifted its stake in shares of Caesars Entertainment by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,609,243 shares of the company’s stock valued at $526,309,000 after purchasing an additional 1,983,151 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Caesars Entertainment by 383.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,140,517 shares of the company’s stock worth $71,536,000 after acquiring an additional 1,697,443 shares during the period. Bamco Inc. NY bought a new position in Caesars Entertainment in the 3rd quarter worth $61,890,000. ING Groep NV bought a new position in Caesars Entertainment in the 4th quarter worth $35,797,000. Finally, Progeny 3 Inc. bought a new position in Caesars Entertainment in the 3rd quarter worth $37,649,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

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.