Caesars Entertainment (NASDAQ:CZR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, September 20th.

A number of other analysts have also commented on CZR. JPMorgan Chase & Co. started coverage on Caesars Entertainment in a research note on Thursday, May 24th. They set an “overweight” rating and a $16.00 price objective on the stock. ValuEngine raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Bank of America started coverage on Caesars Entertainment in a research note on Monday, July 23rd. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Jefferies Financial Group set a $11.00 price objective on Caesars Entertainment and gave the company a “hold” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.44.

Caesars Entertainment stock traded up $0.14 during trading hours on Thursday, hitting $9.03. The stock had a trading volume of 14,086,145 shares, compared to its average volume of 12,314,715. The company has a debt-to-equity ratio of 5.52, a quick ratio of 1.96 and a current ratio of 1.98. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of -2.68 and a beta of 0.52. Caesars Entertainment has a 1-year low of $8.55 and a 1-year high of $14.50.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Wednesday, August 1st. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. Caesars Entertainment had a negative return on equity of 4.71% and a net margin of 21.90%. Caesars Entertainment’s revenue was up 110.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($9.62) earnings per share. As a group, sell-side analysts forecast that Caesars Entertainment will post -0.04 EPS for the current fiscal year.

In other Caesars Entertainment news, EVP Christopher J. Holdren bought 5,000 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, August 7th. The shares were purchased at an average cost of $9.85 per share, for a total transaction of $49,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Boushy acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average price of $9.95 per share, for a total transaction of $99,500.00. Following the completion of the acquisition, the director now owns 46,139 shares in the company, valued at $459,083.05. The disclosure for this purchase can be found here. Insiders have purchased 125,000 shares of company stock worth $1,199,150 over the last quarter. 0.92% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Caesars Entertainment by 113.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,334,380 shares of the company’s stock worth $14,278,000 after purchasing an additional 709,373 shares during the period. Long Pond Capital LP raised its holdings in shares of Caesars Entertainment by 6.2% in the 2nd quarter. Long Pond Capital LP now owns 23,450,216 shares of the company’s stock worth $250,917,000 after purchasing an additional 1,368,988 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Caesars Entertainment in the 2nd quarter worth about $181,000. Family Management Corp purchased a new position in shares of Caesars Entertainment in the 2nd quarter worth about $261,000. Finally, Blackstone Group L.P. purchased a new position in shares of Caesars Entertainment in the 1st quarter worth about $47,836,000.

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.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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