Caesars Entertainment Inc. (NASDAQ: CZR) stock Surged by 1.97% yesterday

Caesars Entertainment Inc. (NASDAQ: CZR) is 2.65% higher on its value in year-to-date trading and has touched a low of $6.02 and a high of $78.16 in the current 52-week trading range. The CZR stock was last observed hovering at around $74.77 in the last trading session, with the day’s gains setting it 1.47% off its average median price target of $84.00 for the next 12 months. It is also 23.76% off the consensus price target high of $100.00 offered by 14 analysts, but current levels are -13.79% lower than the price target low of $67.00 for the same period.

5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $76.24, the stock is 3.00% and 16.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing 1.97% at the moment leaves the stock 72.92% off its SMA200. CZR registered 28.50% gain for a year compared to 6-month gain of 91.80%. The firm has a 50-day simple moving average (SMA 50) of $71.62 and a 200-day simple moving average (SMA200) of $52.94.

The stock witnessed a 3.25% loss in the last 1 month and extending the period to 3 months gives it a 38.62%, and is 3.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.54% over the week and 4.15% over the month.

Caesars Entertainment Inc. (CZR) has around 18600 employees, a market worth around $15.75B and $2.57B in sales. Profit margin for the company is -53.60%. Distance from 52-week low is 1166.45% and -2.46% from its 52-week high. The company has generated returns on investments over the last 12 months (7.70%).

Caesars Entertainment Inc. (CZR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Caesars Entertainment Inc. (CZR) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Caesars Entertainment Inc. quarterly earnings per share for the current quarter are estimated at -$1.76 with sales reaching $1.81B over the same period.The EPS is expected to shrink by -15.30% this year, but quarterly earnings will post 75.70% year-over-year. Quarterly sales are estimated to grow 206.40% in year-over-year returns.

Caesars Entertainment Inc. (CZR) Top Institutional Holders

444 institutions hold shares in Caesars Entertainment Inc. (CZR), with 9.91M shares held by insiders accounting for 4.76% while institutional investors hold 96.59% of the company’s shares. The shares outstanding are 208.28M, and float is at 199.41M with Short Float at 5.88%. Institutions hold 91.99% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 23.16 million shares valued at $1.3 billion. The investor’s holdings represent 13.75% of the CZR Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 18.64 million shares valued at $1.04 billion to account for 11.07% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 17.15 million shares representing 10.18% and valued at over $961.16 million, while Capital World Investors holds 6.70% of the shares totaling 11.28 million with a market value of $632.42 million.

Caesars Entertainment Inc. (CZR) Insider Activity

The most recent transaction is an insider sale by KORNSTEIN DON R, the company’s Director. SEC filings show that KORNSTEIN DON R sold 1,500 shares of the company’s common stock on Dec 17 at a price of $77.25 per share for a total of $0.12 million. Following the sale, the insider now owns 22721.0 shares.

Caesars Entertainment Inc. disclosed in a document filed with the SEC on Dec 15 that KORNSTEIN DON R (Director) sold a total of 9,004 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $73.47 per share for $0.66 million. Following the transaction, the insider now directly holds 24221.0 shares of the CZR stock.

Still, SEC filings show that on Dec 10, Quatmann Edmund L Jr (Chief Legal Officer) disposed off 50,000 shares at an average price of $71.34 for $3.57 million. The insider now directly holds 43,601 shares of Caesars Entertainment Inc. (CZR).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free