Caesars Entertainment, Inc. (NASDAQ:CZR) has a beta value of 2.9 and has seen 2,497,252 shares traded in the last trading session. The company, currently valued at $11.22 Billion, closed the last trade at $54.97 per share which meant it lost -$0.63 on the day or -1.13% during that session. The CZR stock price is -28.69% off its 52-week high price of $70.74 and 89.05% above the 52-week low of $6.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.62 Million shares traded. The 3-month trading volume is 6.5 Million shares.
The consensus among analysts is that Caesars Entertainment, Inc. (CZR) is a Buy stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 12 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$2.2.
Caesars Entertainment, Inc. (NASDAQ:CZR) trade information
Despite being -1.13% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Oct 14 when the CZR stock price touched $56.88- or saw a rise of 3.36%. Year-to-date, Caesars Entertainment, Inc. shares have moved -7.83%, while the 5-day performance has seen it change 5%. Over the past 30 days, the shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have changed -1.73%. Short interest in the company has seen 11.24 Million shares shorted with days to cover at 1.73.
Wall Street analysts have a consensus price target for the stock at $73.45, which means that the shares’ value could jump 33.62% from current levels. The projected low price target is $52 while the price target rests at a high of $100. In that case, then, we find that the current price level is +81.92% off the targeted high while a plunge would see the stock lose -5.4% from current levels.
Caesars Entertainment, Inc. (CZR) estimates and forecasts
Figures show that Caesars Entertainment, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +242.07% over the past 6 months, with this year growth rate of -574.83%, compared to -17.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -568.1% and -529.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +76.9%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.69 Billion for the current quarter. 7 have an estimated revenue figure of $1.88 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $663.18 Million and $592.12 Million respectively for this quarter and the next, and analysts expect sales will grow by 154.3% for the current quarter and 218.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +32.8% over the past 5 years. Earnings growth for 2020 is a modest -15.3% while over the next 5 years, the company’s earnings are expected to increase by 27.5%.
Caesars Entertainment, Inc. (NASDAQ:CZR)’s Major holders
The other major institutional holder is Blackrock Inc., with the holding of over 10.14 Million shares as of June 29, 2020. The firm’s total holdings are worth over $406.36 Million and represent 6.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and iShares Core S&P Midcap ETF. As of June 29, 2020, the former fund manager holds about 3.55% shares in the company for having 5986244 shares of worth $239.81 Million while later fund manager owns 4.05 Million shares of worth $185.64 Million as of August 30, 2020, which makes it owner of about 2.41% of company’s outstanding stock.