Tuesday, January 26, 2021

Caesars Entertainment Inc. [CZR] Stock trading around $69.37 per share: What’s Next?

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Caesars Entertainment Inc. [NASDAQ: CZR] plunged by -$0.73 during the normal trading session on Wednesday and reaching a high of $69.55 during the day while it closed the day at $69.37. The company report on November 20, 2020 that Harrah’s Resort Atlantic City Celebrates 40th Anniversary.

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With over 40 Day-One Team Members, the Iconic Harrah’s Resort Celebrates Four Decades of Success In Atlantic City.


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Harrah’s Resort Atlantic City celebrates its 40th anniversary this weekend, commemorating four decades of achievements and milestones. Beloved by generations across the tri-state area, the premier bayside resort destination has evolved to meet the ever-changing demand for new experiences and to reach new audiences. Over the years, Harrah’s Resort has hosted hundreds of signature events, welcoming guests, countless celebrities, and many notable guests through the years, making it a must-see hotel and casino in Atlantic City. What’s more, the popular destination offers award-winning restaurants with an array of accommodation options, including the newly renovated Laguna and Coastal towers, showcasing stunning Bay views.

Caesars Entertainment Inc. stock has also gained 8.73% of its value over the past 7 days. However, CZR stock has inclined by 46.78% in the 3 months of the year. Over the past six months meanwhile, it has gained 95.63% and gained 16.31% year-on date.

The market cap for CZR stock reached $14.84 billion, with 208.28 million shares outstanding and 199.45 million shares in the current float. Compared to the average trading volume of 4.54M shares, CZR reached a trading volume of 3511695 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Caesars Entertainment Inc. [CZR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CZR shares is $73.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CZR stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Caesars Entertainment Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 25, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on September 14, 2020, representing the official price target for Caesars Entertainment Inc. stock.

The Average True Range (ATR) for Caesars Entertainment Inc. is set at 3.89, with the Price to Sales ratio for CZR stock in the period of the last 12 months amounting to 8.00. The Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 4.61. Price to Free Cash Flow for CZR in the course of the last twelve months was 121.61 with Quick ratio for the last quarter at 3.20.

CZR stock trade performance evaluation

Caesars Entertainment Inc. [CZR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.73. With this latest performance, CZR shares gained by 43.12% in over the last four-week period, additionally plugging by 95.63% over the last 6 months – not to mention a rise of 29.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CZR stock in for the last two-week period is set at 69.02, with the RSI for the last a single of trading hit 72.63, and the three-weeks RSI is set at 65.77 for Caesars Entertainment Inc. [CZR]. The present Moving Average for the last 50 days of trading for this stock 56.35, while it was recorded at 67.22 for the last single week of trading, and 39.80 for the last 200 days.

Caesars Entertainment Inc. [CZR]: An insightful look at the core fundamentals

Caesars Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20.

Earnings per share (EPS) analysis for Caesars Entertainment Inc. [CZR] stock

With the latest financial reports released by the company, Caesars Entertainment Inc. posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -154.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CZR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Caesars Entertainment Inc. go to 27.50%.

Caesars Entertainment Inc. [CZR]: Insider Ownership positions

There are presently around $13,738 million, or 91.40% of CZR stock, in the hands of institutional investors. The top three institutional holders of CZR stocks are: BLACKROCK INC. with ownership of 23,160,056, which is approximately -62.838% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 18,638,438 shares of the stock with an approximate value of $1.29 billion in CZR stocks shares; and VANGUARD GROUP INC, currently with $1.19 billion in CZR stock with ownership of nearly -70.437% of the company’s market capitalization.

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163 institutional holders increased their position in Caesars Entertainment Inc. [NASDAQ:CZR] by around 44,093,919 shares. Additionally, 294 investors decreased positions by around 691,035,266 shares, while 18 investors held positions by with 537,089,425 shares. The mentioned changes placed institutional holdings at 198,039,760 shares, according to the latest SEC report filing. CZR stock had 93 new institutional investments in for a total of 22,133,852 shares, while 119 institutional investors sold positions of 267,291,154 shares during the same period.

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