How to Buy Caesars Entertainment Stock
Caesars Entertainment Inc
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States.
Caesars Entertainment stock last closed at $42.15, up 1.81% from the previous day, and has decreased 17.39% in one year. It has underperformed other stocks in the Resorts & Casinos industry by 0.19 percentage points. Caesars Entertainment stock is currently +34.62% from its 52-week low of $31.31, and -25.73% from its 52-week high of $56.75.
There are currently 215.2M shares of CZR outstanding. The market cap of CZR is $9.07B. In the last 24 hours, 2.01M CZR shares were traded.
How to Buy Caesars Entertainment Stock
Wondering how to invest in Caesars Entertainment stock? Here's how.
- Choose where to buy Caesars Entertainment stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Caesars Entertainment stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Analyze Caesars Entertainment stock: The Caesars Entertainment ticker symbol is CZR. Is Caesars Entertainment stock a good investment? Should you buy shares of CZR? How do CZR's underlying business fundamentals look? Do top analysts think Caesars Entertainment is a good buy? Why has CZR's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if CZR is a good stock to buy).
- Execute your CZR buy order: Decide if you will purchase CZR shares at the current market price or use a limit order to purchase CZR stock at a specific price.
- Get updates on your CZR position: Create a watchlist to important notifications about your investment in Caesars Entertainment shares.
Step 1: Choose where to buy Caesars Entertainment stock
You will need an online brokerage account in order to access the NASDAQ market and buy CZR stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you are able to buy CZR today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to create a new trading account.
- Submit your info by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've finished signing up on app for investing, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing money into your new brokerage account.
Step 4: Analyze Caesars Entertainment stock
Once you have selected the best place to buy Caesars Entertainment stock, it's very important to analyze their stock prior to buying, so you actually understand the risk and opportunity.
Caesars Entertainment shares data
CZR Zen Score
WallStreetZen was designed to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on CZR's stock page.
Is CZR stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CZR's true value.
Using relative valuations methods:
- CZR may be undervalued based on its P/B ratio of 2.52x, relative to Resorts & Casinos industry P/B ratio of 4.77x
You can access additional valuation analysis on CZR's stock here.
A look at CZR Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- CZR profit margin has gone up from -12.7% to -3.1% in the past year.
Failed Financial Due Diligence Checks:
- CZR's operating cash flow of $1.41B allows it to safely service it's debt of $25.62B.
- There are more long-term liabilities than short-term assets on the CZR balance sheet.
- Total CZR debt is higher than 5 years ago, relative to shareholder equity.
- CZR has a relatively high debt to equity ratio of 8.26.
- There are more short-term liabilities than short-term assets on the CZR balance sheet.
- CZR earnings of $1.97B is not enough to cover its interest payments.
Is CZR stock a Buy, Hold, or Sell, according to analysts?
Out of 9 Equities analysts who research CZR, the consensus analyst rating on CZR is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest CZR Analyst Upgrades/Downgrades
Joseph Stauff, a top 3% analyst from Susquehanna upgrades CZR to a hold rating and raises their CZR price target from $27.00 to $39.00, on May 25, 2023.
Lance Vitanza, a top 9% analyst from TD Cowen maintains CZR with a buy rating and raises their CZR price target from $80.00 to $88.00, on May 3, 2023.
Stephen Grambling, a bottom 10% analyst from Morgan Stanley maintains CZR with a hold rating and raises their CZR price target from $52.00 to $57.00, on Mar 1, 2023.
Joseph Greff, a top 23% analyst from JP Morgan maintains CZR with a strong buy rating and raises their CZR price target from $67.00 to $69.00, on Feb 22, 2023.
Brandt Montour, a top 12% analyst from Barclays maintains CZR with a strong buy rating and raises their CZR price target from $66.00 to $70.00, on Feb 22, 2023.
Maintaining his Strong Buy rating, Montour raised his price target on Caesars Entertainment, Inc. by 6.1% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/21.
"The company's digital profitability target was reiterated and moved earlier than expected," the analyst told investors.
Montour added that Caesars' 2023 free cash flow and 2024 leverage outlooks "also represent upside."
Caesars Entertainment reported:
For Q4 2022:
- Loss per share of $0.11, which beat both the Zacks Consensus Estimate of $(0.18) and, by 90.4%, Q4 2021's $(1.14).
- Revenue of $2.82B, which missed the Zacks Consensus Estimate of $2.821B but beat, by 8.9%, Q4 2021's $2.591B.
- Las Vegas segment revenue of $1.154B which beat, by 11%, Q4 2021's $1.04B.
- Regional segment revenue of $1,356M which missed, by 0.59%, Q4 2021's $1,364M.
- Caesars Digital segment revenue of $237M which beat, by 104.3%, Q4 2021's $116M.
- Managed and Branded segment revenue of $72M, flat Y/Y.
- EBITDA of $957M which beat, by 64.7%, Q4 2021's $581M.
For FY 2022:
- Revenue of $10.821B, which beat, by 13.1%, FY 2021's $9.57B.
- Las Vegas segment revenue of $4.287B which beat, by 25.8%, FY 2021's $3.409B.
- Regional segment revenue of $5,699M which beat, by 1.7%, FY 2021's $5,601M.
- Caesars Digital segment revenue of $548M which beat, by 28.3%, FY 2021's $427M.
- Managed and Branded segment revenue of $282M which beat, by 12.8%, FY 2021's $250M.
- EBITDA of $3.2B which beat, by 6.7%, FY 2021's $3.0B.
Management did not provide financial guidance in its press release.
CEO Tom Reeg commented: “Our fourth quarter delivered another set of strong operating results as both our Las Vegas and Regional segments each set a new fourth quarter record for Adjusted EBITDA.
"Caesars Sportsbook delivered significantly improved operating results during the fourth quarter which sets the foundation for a strong 2023.
"Consumer demand remains strong in all of our verticals and we are optimistic for the year ahead."
You can dive deeper into what analysts are saying on the Caesars Entertainment stock forecast page.
CZR Technical Indicators
How is CZR performing as a company?
Last year, CZR revenue was $11.36B. Over the past 5 year, CZR's revenue has gone up by 45.89% per year. This was faster than the Resorts & Casinos industry average of -0.17%.
Dig into CZR's earnings and revenue performance here.
Latest Insiders Trades at CZR
In the last 12 months, executives and large shareholders at CZR have sold more shares than they have bought.
Michael E. Pegram, Director of CZR, was the latest CZR insider to buy. They bought $1,125,425.00 worth of CZR stock on May 5, 2023.
Dig into more about who owns CZR shares here.
Does CZR stock generate passive income?
No, Caesars Entertainment doesn't provide an income stream by paying out dividends.
What do other traders have to say about CZR?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your CZR buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, place a limit order.
Press the Open button and eToro will place the order.
If you require additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your CZR position
Now that you own some CZR shares, you'll want to keep up with your new investment.
Put CZR on a watchlist to track the most important metrics related to your CZR stock.
CZR Feed
How to Buy Stock in Caesars Entertainment
To summarize, here are the 6 steps you need to take to buy Caesars Entertainment stock right now:
- Choose where to buy Caesars Entertainment stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Caesars Entertainment stock
- Execute your CZR buy order
- Get updates on your CZR position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your investment in Caesars Entertainment, add CZR to your watchlist below.
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