Market Analysts see Caesars Entertainment Inc [CZR] gaining to $33. Time to buy?

Caesars Entertainment Inc [NASDAQ: CZR] loss -2.30% on the last trading session, reaching $37.41 price per share at the time.

If compared to the average trading volume of 5.18M shares, CZR reached a trading volume of 4768540 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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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 $52.94 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 1.68. 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 Negative, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Strong Buy. The new note on the price target was released on May 21, 2024, representing the official price target for Caesars Entertainment Inc stock. Previously, the target price had yet another raise to $70, while B. Riley Securities analysts kept a Buy rating on CZR stock.

The Average True Range (ATR) for Caesars Entertainment Inc is set at 1.62, with the Price to Sales ratio for CZR stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 4.35. Price to Free Cash Flow for CZR in the course of the last twelve months was 76.35 with Quick ratio for the last quarter at 0.68.

Trading performance analysis for CZR stock

Caesars Entertainment Inc [CZR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.66. With this latest performance, CZR shares gained by 6.70% in over the last four-week period, additionally sinking by -8.38% over the last 6 months – not to mention a drop of -27.82% 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 53.69, with the RSI for the last a single of trading hit 56.25, and the three-weeks RSI is set at 52.24 for Caesars Entertainment Inc [CZR]. The present Moving Average for the last 50 days of trading for this stock 37.00, while it was recorded at 36.97 for the last single week of trading, and 40.59 for the last 200 days.

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

Caesars Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 0.70.

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 -12.10%.

An analysis of Institutional ownership at Caesars Entertainment Inc [CZR]

There are presently around $106.32%, or 107.09%% of CZR stock, in the hands of institutional investors. The top three institutional holders of CZR stocks are: VANGUARD GROUP INC with ownership of 23.59 million shares, which is approximately 10.9226%. BLACKROCK INC., holding 16.8 million shares of the stock with an approximate value of $$667.45 million in CZR stocks shares; and BLACKROCK INC., currently with $$664.42 million in CZR stock with ownership which is approximately 7.7407%.