Last Updated: 16 Sep 2024
Executive Summary
Caesars Entertainment Corporation (CZR) is a leading hotel and casino entertainment company with a market capitalization of $8.41 billion. The company has a strong financial position, with an EBITDA of $3.71 billion and a profit margin of 0.225. CZR's stock price has been volatile in recent months, but it is currently trading at $38.87, which is below its 52-week high of $51.23. Analysts are bullish on CZR, with a consensus target price of $52.69.
Company Overview
Caesars Entertainment Corporation was founded in 1937 and is headquartered in Reno, Nevada. The company operates more than 50 properties in the United States and internationally. CZR's properties include casinos, hotels, restaurants, and entertainment venues. The company's target market is primarily tourists and business travelers.
Fundamental Analysis
CZR's financial performance has been mixed in recent years. The company's revenue has declined slightly in recent quarters, but its EBITDA has remained relatively stable. CZR's profit margin has also been volatile, but it has improved in recent quarters. The company's balance sheet is strong, with a low level of debt and a high level of liquidity.
Technical Analysis
CZR's stock price has been volatile in recent months, but it is currently trading in a bullish trend. The stock price is above its 50-day and 200-day moving averages, and it is also above its 52-week low. The relative strength index (RSI) is also above 50, which indicates that the stock is overbought.
Short Term Outlook
CZR's stock price is expected to continue to trade in a bullish trend in the short term. The stock price is above its key moving averages, and the RSI is above 50. However, the stock price is also overbought, which could lead to a pullback in the near term.
Long Term Outlook
CZR's long-term outlook is positive. The company has a strong financial position and a loyal customer base. The company is also well-positioned to benefit from the growing tourism industry.
Analyst Recommendations
Analysts are bullish on CZR, with a consensus target price of $52.69. Three analysts have a strong buy rating on the stock, 10 have a buy rating, four have a hold rating, and one has a sell rating.
