At the time of writing, Caesars Entertainment Inc [CZR] stock is trading at $43.47, up 4.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CZR shares have gain 4.82% over the last week, with a monthly amount drifted -1.81%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Caesars Entertainment Partners with Sault Ste. Marie Tribe of Chippewa Indians; Acquires Michigan iGaming Operations from Wynn Resorts. In a post published today on Yahoo Finance, Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced an agreement to acquire the operations of WynnBET’s Michigan iGaming business and a long-term extension of iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians, subject to regulatory approvals. As part of the transaction, Caesars gains access to the Sault Tribe’s iGaming skins, enabling Caesars to operate additional digital brands in Michigan, and existing WynnBET customers will be transitioned to Caesars’ Michigan iGaming platform, pending regulatory approvals. Wynn and Caesars will receive non-cash consideration, including extinguishment, reductions, and assignment of certain contractual obligations related to both parties’ businesses.
From an analyst’s perspective:
Caesars Entertainment Inc [NASDAQ: CZR] stock has seen the most recent analyst activity on January 09, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $65. Previously, CapitalOne started tracking the stock with Equal Weight rating on October 12, 2023, and set its price target to $51. On May 25, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $39 on the stock. Stifel reiterated its Buy rating and increased its price target to $68 on January 24, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $55 on December 14, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on November 21, 2022, and assigned it a price target of $51. In a note dated July 20, 2022, Susquehanna initiated an Neutral rating and provided a target price of $32 on this stock.
For the past year, the stock price of Caesars Entertainment Inc fluctuated between $38.33 and $60.27. Currently, Wall Street analysts expect the stock to reach $89.1 within the next 12 months. Caesars Entertainment Inc [NASDAQ: CZR] shares were valued at $43.47 at the most recent close of the market. An investor can expect a potential return of 104.97% based on the average CZR price forecast.
Analyzing the CZR fundamentals
According to Caesars Entertainment Inc [NASDAQ:CZR], the company’s sales were 11.53B for trailing twelve months, which represents an 0.14% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.18 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.51.
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 42.10 points at the first support level, and at 40.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.18, and for the 2nd resistance point, it is at 44.90.
Caesars Entertainment Inc [CZR] reported earnings per share of -$0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of -$0.3 and a surprise factor of -750.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.34 per share as compared to estimates of $0.28 per share, a difference of $0.06 representing a surprise of 21.40%.
Ratios To Look Out For
It is important to note that Caesars Entertainment Inc [NASDAQ:CZR] has a current ratio of 0.76. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 11.89.
Transactions by insiders
Recent insider trading involved Pegram Michael E, Director, that happened on Nov 10 when 15000.0 shares were purchased. CAO & Chief Admin. Officer, Lepori Stephanie completed a deal on Aug 25 to sell 33282.0 shares. Meanwhile, Chief Executive Officer Reeg Thomas bought 7500.0 shares on Jun 14.
