Caesars Entertainment (NASDAQ:CZR) had its target price raised by Morgan Stanley from $13.00 to $14.00 in a research note issued to investors on Tuesday morning, AnalystRatings.com reports. They currently have an equal weight rating on the stock.

CZR has been the subject of several other research reports. BidaskClub lowered Caesars Entertainment from a buy rating to a hold rating in a research report on Tuesday, January 14th. Zacks Investment Research lowered Caesars Entertainment from a buy rating to a hold rating in a research report on Monday, November 11th. UBS Group lifted their price target on Caesars Entertainment from $12.00 to $13.75 and gave the stock a neutral rating in a research report on Friday, January 10th. TheStreet lowered Caesars Entertainment from a c- rating to a d+ rating in a research report on Tuesday, October 29th. Finally, ValuEngine lowered Caesars Entertainment from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $13.36.

Shares of CZR stock traded down $0.21 during trading hours on Tuesday, hitting $13.54. The stock had a trading volume of 6,272,018 shares, compared to its average volume of 12,774,931. Caesars Entertainment has a one year low of $8.00 and a one year high of $13.85. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.27 and a quick ratio of 1.26. The stock’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $12.37. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of -12.65 and a beta of 1.40.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.49). The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Caesars Entertainment had a negative return on equity of 14.01% and a negative net margin of 7.98%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. As a group, equities research analysts predict that Caesars Entertainment will post -0.76 earnings per share for the current fiscal year.

In other Caesars Entertainment news, CAO Keith Causey sold 5,605 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $13.08, for a total transaction of $73,313.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard D. Broome sold 118,668 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.02, for a total value of $1,545,057.36. The disclosure for this sale can be found here. Insiders have sold 133,273 shares of company stock valued at $1,736,271 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Several large investors have recently made changes to their positions in CZR. Icahn Carl C boosted its position in shares of Caesars Entertainment by 15.1% during the third quarter. Icahn Carl C now owns 114,250,942 shares of the company’s stock valued at $1,332,166,000 after buying an additional 15,000,000 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $156,095,000. ARP Americas LP boosted its holdings in shares of Caesars Entertainment by 6,159.9% in the third quarter. ARP Americas LP now owns 6,174,435 shares of the company’s stock valued at $71,994,000 after purchasing an additional 6,075,800 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $24,091,000. Finally, Water Island Capital LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $13,380,000.

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 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 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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