The price of Caesars Entertainment Inc (NASDAQ:CZR) shares last traded on Wall Street rose 0.57% to $38.76.
Based on available information, 16 analysts follow Caesars Entertainment Inc (NASDAQ:CZR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $49.00, we find $70.00. Given the previous closing price of $38.54, this indicates a potential upside of 81.63 percent. CZR stock price is now -20.20% away from the 50-day moving average and -20.63% away from the 200-day moving average. The market capitalization of the company currently stands at $8.34B.
Among analysts, 4 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $67.86 as their price target over the next twelve months.
With the price target of $51, CapitalOne recently initiated with Equal Weight rating for Caesars Entertainment Inc (NASDAQ: CZR).
In other news, Lepori Stephanie, CAO & Chief Admin. Officer sold 33,282 shares of the company’s stock on Aug 25. The stock was sold for $1,720,823 at an average price of $51.70. Upon completion of the transaction, the CAO & Chief Admin. Officer now directly owns 41,910 shares in the company, valued at $1.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, Chief Executive Officer Reeg Thomas bought 7,500 shares of the business’s stock. A total of $370,725 was incurred on buying the stock at an average price of $49.43. This leaves the insider owning 17,500 shares of the company worth $0.68 million. Insiders disposed of 239,025 shares of company stock worth roughly $9.26 million over the past 1 year. A total of 4.62% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CZR stock. A new stake in Caesars Entertainment Inc shares was purchased by EDGEPOINT INVESTMENT GROUP INC. during the first quarter worth $127,546,000. SEQUOIA FINANCIAL ADVISORS, LLC invested $45,499,000 in shares of CZR during the first quarter. In the first quarter, INTERVAL PARTNERS, LP acquired a new stake in Caesars Entertainment Inc valued at approximately $10,884,000. LONESTAR CAPITAL MANAGEMENT LLC acquired a new stake in CZR for approximately $9,690,000. HIGHLAND PEAK CAPITAL, LLC purchased a new stake in CZR valued at around $6,582,000 in the second quarter. In total, there are 712 active investors with 93.10% ownership of the company’s stock.
A candlestick chart of Caesars Entertainment Inc (NASDAQ: CZR) showed a price of $38.60 on Thursday morning. During the past 12 months, Caesars Entertainment Inc has had a low of $38.50 and a high of $60.27. As of last week, the company has a debt-to-equity ratio of 5.55, a current ratio of 0.78, and a quick ratio of 0.76. The fifty day moving average price for CZR is $48.28 and a two-hundred day moving average price translates $48.80 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for Jun, 2023. According to the Resorts & Casinos Company, earnings per share came in at $4.26, beating analysts’ expectations of $0.33 by 3.93. This compares to -$0.73 EPS in the same period last year. The net profit margin was 6.03% and return on equity was 16.79% for CZR. The company reported revenue of $2.88 billion for the quarter, compared to $2.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.06 percent. For the current quarter, analysts expect CZR to generate $2.94B in revenue.
