This is What Makes Caesars Entertainment Inc Stocks A Gamechanger?

Caesars Entertainment Inc [CZR] stock is trading at $45.53, up 3.06%. 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 3.95% over the last week, with a monthly amount glided 9.26%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Caesars Entertainment Inc [NASDAQ: CZR] stock has seen the most recent analyst activity on July 15, 2024, when Susquehanna downgraded its rating to a Negative but kept the price target unchanged to $33 for it. Previously, Raymond James started tracking the stock with Strong Buy rating on May 21, 2024, and set its price target to $55. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $65 on January 09, 2024. CapitalOne initiated its recommendation with a Equal Weight and recommended $51 as its price target on October 12, 2023. Susquehanna upgraded its rating to Neutral for this stock on May 25, 2023, and upped its price target to $39. In a note dated January 24, 2023, Stifel reiterated an Buy rating on this stock and boosted its target price from $63 to $68.

Caesars Entertainment Inc [CZR] stock has fluctuated between $31.74 and $50.51 over the past year. Currently, Wall Street analysts expect the stock to reach $73.08 within the next 12 months. Caesars Entertainment Inc [NASDAQ: CZR] shares were valued at $45.53 at the most recent close of the market. An investor can expect a potential return of 60.51% based on the average CZR price forecast.

Analyzing the CZR fundamentals

Caesars Entertainment Inc [NASDAQ:CZR] reported sales of 11.39B for the trailing twelve months, which represents a drop of -1.70%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.06 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.85.

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 44.80 points at the first support level, and at 44.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.92, and for the 2nd resistance point, it is at 46.31.

Ratios To Look Out For

For context, Caesars Entertainment Inc’s Current Ratio is 0.70. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 2.29.

Transactions by insiders

Recent insider trading involved MATHER COURTNEY, Director, that happened on Aug 06 ’24 when 693.0 shares were sold. Director, FAHRENKOPF FRANK J JR completed a deal on May 31 ’24 to sell 10000.0 shares. Meanwhile, Director Biumi Bonnie bought 1000.0 shares on May 31 ’24.

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