Caesars Entertainment (NASDAQ:CZR) receives an Equal Weight Rating from analysts at Morgan Stanley

Morgan Stanley provided cover for shares of Caesars Entertainment (NASDAQ:CZR – Get Rating) in a research report released Monday for clients and investors, reports The Fly. The brokerage firm has given the stock an “Equal Weight” rating.

A number of other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered its target price on shares of Caesars Entertainment from USD 90.00 to USD 64.00 in a report on Wednesday, August 3rd. Susquehanna lowered its price target on Caesars Entertainment shares from $32.00 to $27.00 and gave the company a negative rating in a report Monday, October 3. Truist Financial lowered its target price on Caesars Entertainment shares to $70.00 from $72.00 and gave the company a “buy” rating in a report dated Tuesday, October 25. StockNews.com issued a report on Caesars Entertainment shares on Wednesday, October 12th. They give the company a “hold” rating. Finally, on Wednesday, August 3rd, Cowen lowered the price target for shares of Caesars Entertainment from $105.00 to $87.00 in a research report. Two research analysts have rated the stock with a sell rating, three with a hold rating and eleven with a buy rating. Based on data from MarketBeat, Caesars Entertainment currently has an average rating of Moderate Buy and an average target price of $82.19.

Caesars Entertainment stock performance

NASDAQ CZR opened at $49.98 on Monday. Caesars Entertainment has a 52-week low of $31.31 and a 52-week high of $97.39. The company has a 50-day simple moving average of $41.64 and a 200-day simple moving average of $44.26. The company has a debt to equity ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $10.72 billion, a P/E of -9.02 and a beta of 2.83.

insider activity

In addition, Director Michael E. Pegram acquired 25,000 shares of the company in a transaction on Friday, November 4th. The stock was purchased at an average price of $44.74 per share for a total transaction of $1,118,500.00. Upon completion of the transaction, the Director now owns 96,697 shares of the Company, valued at $4,326,223.78. The purchase has been disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. 0.50% of the shares are owned by company insiders.

Institutional investors rely on Caesars Entertainment

Several hedge funds have recently bought and sold shares of CZR. Capital Research Global Investors increased its position in Caesars Entertainment by 20.5% in the first quarter. Capital Research Global Investors now owns 20,877,113 shares of the company’s stock valued at $1,615,057,000 after purchasing an additional 3,548,997 shares last quarter. FMR LLC increased its position in Caesars Entertainment by 13.0% in the second quarter. FMR LLC now owns 19,165,674 shares of the Company’s stock valued at $734,045,000 after purchasing an additional 2,206,419 shares last quarter. Capital World Investors increased its stake in Caesars Entertainment by 17.5% in the first quarter. Capital World Investors now owns 12,756,091 shares of the company’s stock valued at $986,811,000 after purchasing an additional 1,902,200 shares last quarter. Frontier Capital Management Co. LLC increased its stake in Caesars Entertainment by 49.3% in the third quarter. Frontier Capital Management Co. LLC now owns 3,460,971 shares of the Company’s stock valued at $111,651,000 after purchasing an additional 1,143,332 shares last quarter. Finally, Eagle Asset Management Inc. increased its stake in Caesars Entertainment by 121.2% during the third quarter. Eagle Asset Management Inc. now owns 1,977,721 shares of the company’s stock valued at $63,801,000 after purchasing an additional 1,083,789 shares last quarter. 95.55% of the shares are currently owned by institutional investors.

Company Profile of Caesars Entertainment

(get rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos with poker, keno, racing and online sports betting; restaurants, bars, nightclubs and lounges; hotels; and entertainment options. It also offers human resources and management services; accessories, souvenirs and decorative items via retail outlets; and online sports betting and iGaming services.

See also

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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