Detailed Review Of Prospects For Caesars Entertainment Inc. Stock

Currently, Caesars Entertainment Inc. [CZR] is trading at $51.09, up 1.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CZR shares have gain 5.82% over the last week, with a monthly amount glided 13.76%, and seem to be holding up well over a long-time horizon.

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On 23, January 2023, Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes. In a post published today on Yahoo Finance, Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company,” “Caesars” or the “Issuer”) today announced the pricing of its previously announced offering of Senior Secured Notes due 2030 (the “Notes”) at an interest rate of 7.00% per annum and an issue price equal to 100% of the principal amount of the Notes. The offering is expected to close on or about February 6, 2023, subject to customary closing conditions. The Notes were offered in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States under Regulation S of the Securities Act.  The aggregate principal amount of the Notes to be issued in the offering was increased to $2,000.0 million from the previously announced $1,250.0 million.

From an analyst’s perspective:

Caesars Entertainment Inc. [NASDAQ: CZR] stock has seen the most recent analyst activity on January 24, 2023, when Stifel reiterated its Buy rating and also boosted its price target to $68 from $63. Previously, BofA Securities downgraded its rating to Neutral on December 14, 2022, and dropped its price target to $55. On November 21, 2022, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $51 on the stock. Susquehanna started tracking the stock assigning a Neutral rating and suggested a price target of $32 on July 20, 2022. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Barclays started tracking with a Overweight rating for this stock on June 29, 2022, and assigned it a price target of $56. In a note dated February 23, 2022, Wells Fargo reiterated an Overweight rating on this stock and revised its target price from $127 to $105.

This stock has fluctuated between a low of $31.31 and a high of $89.80 over the last 52 weeks. Caesars Entertainment Inc. [NASDAQ: CZR] shares were valued at $51.09 at the most recent close of the market.

Analyzing the CZR fundamentals

Gross Margin for this corporation currently stands at +39.68% with Operating Margin at +17.83%, Pretax Margin comes in at -13.26%, and Net Margin reading is -10.33%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.05 points at the first support level, and at 49.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.30, and for the 2nd resistance point, it is at 53.52.

Caesars Entertainment Inc. [CZR] reported earnings per share of -$0.57 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.74 and a surprise factor of -435.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$3.18 per share as compared to estimates of -$2.21 per share, a difference of -$0.97 representing a surprise of -43.90%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Caesars Entertainment Inc. [NASDAQ:CZR] is 0.80. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 4.46.

Transactions by insiders

Insider trading, which has resulted in 9 insider purchases of 189,966 shares and 7 insider sales of 49,485 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Pegram Michael E, Director, that happened on Nov 04 when 25000.0 shares were purchased. Director, TOMICK DAVID P completed a deal on Jun 17 to buy 1100.0 shares. Meanwhile, Director KORNSTEIN DON R bought 2500.0 shares on Jun 16.