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 provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $54.67, a high estimate of $63.00, and a low estimate of $44.00. A 7.48% drop is evident in the current average compared to the previous average price target of $59.09.
Interpreting Analyst Ratings: A Closer Look
The standing of Caesars Entertainment among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| RJ Milligan | Raymond James | Announces | Strong Buy | $55.00 | - |
| Jordan Bender | JMP Securities | Lowers | Market Outperform | $60.00 | $62.00 |
| Lance Vitanza | TD Cowen | Lowers | Buy | $50.00 | $53.00 |
| Daniel Politzer | Wells Fargo | Lowers | Overweight | $54.00 | $67.00 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Caesars Entertainment. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey 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.
Capture valuable insights into Caesars Entertainment's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Caesars Entertainment analyst ratings.
All You Need to Know About 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.
Caesars Entertainment's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Challenges: Caesars Entertainment's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -3.11%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Caesars Entertainment's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -5.76%, the company may face hurdles in 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 -3.53%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Caesars Entertainment's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.48%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Caesars Entertainment's debt-to-equity ratio is below the industry average. With a ratio of 2.78, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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