Caesars Entertainment Inc. [CZR] stock Initiated by Susquehanna analyst, price target now $32

Caesars Entertainment Inc. [NASDAQ: CZR] gained 4.99% or 2.3 points to close at $48.40 with a heavy trading volume of 6685438 shares. The company report on August 10, 2022 that Eastern Band of Cherokee Indians Joins Caesars Entertainment as Joint Venture Partner in $650 million Caesars Virginia Development.


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Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) and the Eastern Band of Cherokee Indians (“EBCI”) today announced their partnership in the development of Caesars Virginia, which officially breaks ground in Danville this week. The $650 million project will be a tourism engine and economic driver for Danville and the broader region. The full-service entertainment facility will create thousands of construction and operational jobs and is scheduled to open in late 2024.

Caesars Virginia will include a 500-room hotel and a world-class casino gaming floor with over 1,300 slots, 85 live table games, 24 electronic table games, a WSOP poker room and a Caesars Sportsbook. In addition, the resort will feature a full-service spa, pool, high-quality bars and restaurants, a 2,500-seat state-of-the-art live entertainment theater and 40,000 square feet of meeting and convention space.

It opened the trading session at $48.50, the shares rose to $50.33 and dropped to $47.8778, the range by which the price of stock traded the whole day. The daily chart for CZR points out that the company has recorded -41.23% loss over the past six months. However, it is still -37.89% lower than its most recent low trading price.

If we look at the average trading volume of 4.11M shares, CZR reached to a volume of 6685438 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $77.50 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 2.00. 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.

Susquehanna have made an estimate for Caesars Entertainment Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2022. The new note on the price target was released on July 13, 2022, representing the official price target for Caesars Entertainment Inc. stock. Previously, the target price had yet another raise to $56, while Barclays analysts kept a Overweight rating on CZR stock. On February 23, 2022, analysts decreased their price target for CZR shares from 127 to 105.

The Average True Range (ATR) for Caesars Entertainment Inc. is set at 2.92, with the Price to Sales ratio for CZR stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 2.74. Price to Free Cash Flow for CZR in the course of the last twelve months was 15.84 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for CZR stock

Caesars Entertainment Inc. [CZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.75. With this latest performance, CZR shares gained by 25.00% in over the last four-week period, additionally sinking by -41.23% over the last 6 months – not to mention a drop of -46.56% 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 58.09, with the RSI for the last a single of trading hit 60.41, and the three-weeks RSI is set at 54.75 for Caesars Entertainment Inc. [CZR]. The present Moving Average for the last 50 days of trading for this stock 43.69, while it was recorded at 47.88 for the last single week of trading, and 71.44 for the last 200 days.

Caesars Entertainment Inc. [CZR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Caesars Entertainment Inc. [CZR] shares currently have an operating margin of +17.83 and a Gross Margin at +39.68. Caesars Entertainment Inc.’s Net Margin is presently recorded at -10.33.

Return on Equity for this stock declined to -20.83, with Return on Assets sitting at -2.66.

Caesars Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Caesars Entertainment Inc. [CZR]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Caesars Entertainment Inc. [CZR]

There are presently around $9,894 million, or 97.10% of CZR stock, in the hands of institutional investors. The top three institutional holders of CZR stocks are: VANGUARD GROUP INC with ownership of 21,843,353, which is approximately 1.346% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 20,877,113 shares of the stock with an approximate value of $1.01 billion in CZR stocks shares; and FMR LLC, currently with $820.83 million in CZR stock with ownership of nearly -9.865% of the company’s market capitalization.

Positions in Caesars Entertainment Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 273 institutional holders increased their position in Caesars Entertainment Inc. [NASDAQ:CZR] by around 20,789,701 shares. Additionally, 274 investors decreased positions by around 18,478,047 shares, while 57 investors held positions by with 165,151,177 shares. The mentioned changes placed institutional holdings at 204,418,925 shares, according to the latest SEC report filing. CZR stock had 63 new institutional investments in for a total of 2,524,284 shares, while 97 institutional investors sold positions of 5,196,050 shares during the same period.

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