The price of Caesars Entertainment Inc (NASDAQ:CZR) shares last traded on Wall Street fell -1.05% to $39.47.
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 $78.00 and a low of $49.00, we find $63.50. Given the previous closing price of $39.89, this indicates a potential upside of 59.19 percent. CZR stock price is now -16.97% away from the 50-day moving average and -18.94% away from the 200-day moving average. The market capitalization of the company currently stands at $8.50B.
Among analysts, 4 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $63.07 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 $1.65 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 $0.69 million. Insiders disposed of 239,025 shares of company stock worth roughly $9.43 million over the past 1 year. A total of 4.65% of the company’s stock is owned by insiders.
During the past 12 months, Caesars Entertainment Inc has had a low of $38.33 and a high of $60.27. As of last week, the company has a debt-to-equity ratio of 5.43, a current ratio of 0.73, and a quick ratio of 0.71. The fifty day moving average price for CZR is $47.54 and a two-hundred day moving average price translates $48.69 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for Sep, 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 $0.24 EPS in the same period last year. The net profit margin was 6.16% and return on equity was 16.82% for CZR. The company reported revenue of $2.99 billion for the quarter, compared to $2.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.71 percent. For the current quarter, analysts expect CZR to generate $2.94B in revenue.
Caesars Entertainment Inc(CZR) Company Profile
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
