Cheap Stock Today<\/span><\/h2>\nUp 34 percent over the past month, it may be difficult to call Caesars stock inexpensive after a move like that. But Wieczynski lays out a case for bigger gains over the long-term if free cash flow (FCF) generation targets are met or topped.<\/span><\/p>\nThe analyst says if the newly combined Caesars can generate $3.7 billion to $4 billion in <\/span>earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (<\/span><\/span>EBITDAR), it can post $8 to $9 a share in FCF even after $2.3 billion in rent, interest, and maintenance costs are subtracted.<\/span><\/strong><\/p>\n\u201cSo if we still believe the combined company can generate close to $8.50\/share in FCF (normalized environment), which, based on where gaming companies typically trade (10x-12x FCF), we still think shares are worth ~$85-$102,\u201d he said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Broad equity markets tumbled Thursday, and those declines are extending into Friday, taking gaming stocks along for the ride. But analysts remain enthusiastic about Caesars Entertainment (NASDAQ:CZR). During the market bloodbath of the past two days, Caesars stock hasn’t been immune. But the Flamingo operator is holding up better than many of its rivals, and […]<\/p>\n","protected":false},"author":46,"featured_media":147539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Caesars Still Top Gaming Idea as Analyst Lifts Price Target - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n