In yesterday’s Wall Street session, Caesars Entertainment Inc (NASDAQ:CZR) shares traded at $46.75, up 4.54% from the previous session.
15 analysts cover Caesars Entertainment Inc (NASDAQ:CZR), according to research data. 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 $48.00, we find $65.00. Given the previous closing price of $44.72, this indicates a potential upside of 45.35 percent. CZR stock price is now 6.35% away from the 50-day moving average and -2.45% away from the 200-day moving average. The market capitalization of the company currently stands at $10.08B.
The stock has received a hold rating from 4 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $63.62 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, Pegram Michael E, Director bought 15,000 shares of the company’s stock on Nov 10. The stock was bought for $628,562 at an average price of $41.90. Upon completion of the transaction, the Director now directly owns 136,697 shares in the company, valued at $6.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25, CAO & Chief Admin. Officer Lepori Stephanie sold 33,282 shares of the business’s stock. A total of $1,720,823 was realized by selling the stock at an average price of $51.70. This leaves the insider owning 41,910 shares of the company worth $1.96 million. Insiders disposed of 283,975 shares of company stock worth roughly $13.28 million over the past 1 year. A total of 4.67% 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 $43.94 and a two-hundred day moving average price translates $47.89 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for Sep, 2023. 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.
