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Is Caesars Entertainment (CZR) Stock Undervalued Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Caesars Entertainment (CZR - Free Report) . CZR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Investors should also recognize that CZR has a P/B ratio of 2.05. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. CZR's current P/B looks attractive when compared to its industry's average P/B of 3.02. CZR's P/B has been as high as 3.15 and as low as 1.88, with a median of 2.59, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CZR has a P/S ratio of 0.82. This compares to its industry's average P/S of 0.9.
These are only a few of the key metrics included in Caesars Entertainment's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CZR looks like an impressive value stock at the moment.
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Is Caesars Entertainment (CZR) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Caesars Entertainment (CZR - Free Report) . CZR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Investors should also recognize that CZR has a P/B ratio of 2.05. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. CZR's current P/B looks attractive when compared to its industry's average P/B of 3.02. CZR's P/B has been as high as 3.15 and as low as 1.88, with a median of 2.59, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CZR has a P/S ratio of 0.82. This compares to its industry's average P/S of 0.9.
These are only a few of the key metrics included in Caesars Entertainment's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CZR looks like an impressive value stock at the moment.