Caesars Entertainment (NASDAQ:CZR) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday, ValuEngine reports.

A number of other equities analysts have also weighed in on the company. Morgan Stanley upped their target price on Caesars Entertainment from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group decreased their target price on Caesars Entertainment from $13.75 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. SunTrust Banks upped their target price on Caesars Entertainment from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, BidaskClub upgraded Caesars Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Caesars Entertainment presently has an average rating of “Buy” and a consensus target price of $12.08.

CZR stock opened at $11.36 on Monday. The stock’s fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $11.40. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 8.10. Caesars Entertainment has a 1-year low of $3.22 and a 1-year high of $14.73. The stock has a market cap of $7.85 billion, a P/E ratio of -6.28 and a beta of 2.00.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.20). Caesars Entertainment had a negative net margin of 9.33% and a negative return on equity of 7.07%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned ($0.32) EPS. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. As a group, analysts forecast that Caesars Entertainment will post -1.3 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Caesars Entertainment by 31.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 26,277,290 shares of the company’s stock valued at $357,372,000 after acquiring an additional 6,216,629 shares during the period. Renaissance Technologies LLC lifted its holdings in Caesars Entertainment by 92.3% in the 4th quarter. Renaissance Technologies LLC now owns 12,697,715 shares of the company’s stock worth $172,689,000 after buying an additional 6,095,830 shares during the period. Alpine Associates Management Inc. lifted its holdings in Caesars Entertainment by 70.2% in the 1st quarter. Alpine Associates Management Inc. now owns 11,816,287 shares of the company’s stock worth $79,877,000 after buying an additional 4,872,719 shares during the period. Water Island Capital LLC lifted its holdings in Caesars Entertainment by 321.4% in the 1st quarter. Water Island Capital LLC now owns 9,570,352 shares of the company’s stock worth $64,696,000 after buying an additional 7,299,494 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Caesars Entertainment by 1.7% in the 4th quarter. Eagle Asset Management Inc. now owns 8,889,596 shares of the company’s stock worth $120,898,000 after buying an additional 146,280 shares during the period.

Caesar 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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