Wells Fargo & Company began coverage on shares of Caesars Entertainment (NASDAQ:CZR) in a report published on Tuesday morning, Price Targets.com reports. The brokerage issued an overweight rating and a $137.00 target price on the stock.
Other equities analysts also recently issued research reports about the company. TheStreet upgraded Caesars Entertainment from a d+ rating to a c rating in a research report on Monday, May 24th. Cowen lifted their target price on Caesars Entertainment from $120.00 to $125.00 and gave the company an outperform rating in a research report on Friday, September 10th. Zacks Investment Research upgraded Caesars Entertainment from a hold rating to a buy rating and set a $102.00 target price on the stock in a research report on Wednesday, July 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Caesars Entertainment from $126.00 to $132.00 and gave the company a buy rating in a research report on Monday, June 7th. Finally, Stifel Nicolaus lifted their target price on Caesars Entertainment from $125.00 to $130.00 and gave the company a buy rating in a research report on Wednesday, August 4th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of Buy and a consensus price target of $114.75.
Shares of Caesars Entertainment stock opened at $106.07 on Tuesday. Caesars Entertainment has a one year low of $43.07 and a one year high of $113.46. The company has a market cap of $22.64 billion, a price-to-earnings ratio of -10.95 and a beta of 3.20. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.15 and a current ratio of 1.16. The business’s 50 day moving average price is $95.26 and its 200 day moving average price is $97.42.
In related news, insider Edmund L. Quatmann, Jr. sold 842 shares of the business’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $90.83, for a total transaction of $76,478.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC grew its stake in Caesars Entertainment by 92.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 357,314 shares of the company’s stock worth $37,071,000 after purchasing an additional 172,124 shares in the last quarter. Sawtooth Solutions LLC acquired a new position in shares of Caesars Entertainment during the 2nd quarter worth about $202,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Caesars Entertainment during the 2nd quarter worth about $273,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Caesars Entertainment during the 2nd quarter worth about $1,063,000. Finally, Marshall Wace LLP acquired a new position in shares of Caesars Entertainment during the 2nd quarter worth about $4,041,000. 92.41% of the stock is owned by hedge funds and other institutional investors.
Caesars Entertainment Company Profile
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