Across the recent three months, 12 analysts have shared their insights on Caesars Entertainment CZR, expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 3 | 0 | 0 |
| Last 30D | 2 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 2 | 0 | 0 |
Analysts have recently evaluated Caesars Entertainment and provided 12-month price targets. The average target is $56.58, accompanied by a high estimate of $68.00 and a low estimate of $44.00. This current average represents a 5.13% decrease from the previous average price target of $59.64.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Caesars Entertainment by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steven Wieczynski | Stifel | Lowers | Buy | $54.00 | $67.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $52.00 | $58.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $58.00 | $62.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $63.00 | $65.00 |
| Jordan Bender | JMP Securities | Lowers | Market Outperform | $62.00 | $65.00 |
| Carlo Santarelli | Deutsche Bank | Lowers | Buy | $59.00 | $62.00 |
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $45.00 | $44.00 |
| Stephen Grambling | Morgan Stanley | Lowers | Equal-Weight | $44.00 | $45.00 |
| Daniel Politzer | Wells Fargo | Lowers | Overweight | $68.00 | $72.00 |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $65.00 | - |
| Joseph Stauff | Susquehanna | Lowers | Neutral | $44.00 | $49.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $65.00 | $67.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Caesars Entertainment. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Caesars Entertainment compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Caesars Entertainment's stock. This analysis reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Caesars Entertainment's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Caesars Entertainment analyst ratings.
Unveiling the Story Behind Caesars Entertainment
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Understanding the Numbers: Caesars Entertainment's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, Caesars Entertainment showcased positive performance, achieving a revenue growth rate of 0.14% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Caesars Entertainment's net margin is impressive, surpassing industry averages. With a net margin of -2.55%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Caesars Entertainment's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.57%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Caesars Entertainment's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.22%, the company showcases efficient use of assets and strong financial health.
Debt Management: Caesars Entertainment's debt-to-equity ratio surpasses industry norms, standing at 5.51. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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