Does These Stocks Deserve Your Investment Dollars? – Caesars Entertainment Corporation (CZR), Transocean Ltd. (RIG)

You should consider shares of Caesars Entertainment Corporation (NASDAQ:CZR) and Transocean Ltd. (NYSE:RIG) if you are looking for a great stocks to invest in. Starting with the CZR shares, which traded at $12.95 at the close of the recent session, gaining 0.15%. On Tuesday, the company’s shares shed $0.02 from its value which represented in intraday trading. The stock is now 52.00% higher in year-to-date (YTD) trading. CZR’s intraday high was $12.97 while its lowest price touched $12.83. The stock’s 52-week high price is $13.13, which means the current price is at -1.37%. In terms of trading activity, the daily trading volume fell to 11258333 against 200-day average trading volume of 17,593,102 shares.

What are analyst forecasts for Caesars Entertainment Corporation (NASDAQ:CZR)?

At a consensus rating of 3.50, CZR is trending as a streaking Moderate Buy, as it has been the case a month ago when 9 analysts called it a Moderate Buy. Two months ago, 9 analysts recommended, on average, that CZR stock is a Moderate Buy. The Services company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $12.85 on the day.

Forecasts for Caesars Entertainment Corporation (NASDAQ:CZR) give the stock a fair value for the growth of -3.77% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $12.48, which means the price per share could fall by nearly -$0.47. The price range target is between a low of $12.00 and a high of $13.50. The stock would need to gain by about $4.07 to hit the estimated high or 0.45% from its 12-month low.

The consensus among 9 analysts is that it is a good time for one to Hold in the Caesars Entertainment Corporation. 2 analysts rate CZR as a Buy, with 0 of 9 analysts rate it as a Sell. 0 have valued the stock as Overweight and 7 have recommended that investors Hold.

Caesars Entertainment Corporation (NASDAQ:CZR) Upgrades and Downgrades

In terms of rating changes, Nomura on June 25, 2019, Downgrade Caesars Entertainment Corporation (CZR) at Neutral. They believe the stock could reach $12 in the near term. Analysts at Credit Suisse have assigned a Outperform rating for the stock in their research note on March 20, 2019 with an estimated price target of $13. Moreover, BofA/Merrill analysts issued a rating of Neutral for the stock on January 16, 2019. On January 02, 2019, the stock earned a Neutral rating due to an analyst call from UBS, while analysts from Bernstein on November 15, 2018 suggested that the stock is Mkt Perform.

Transocean Ltd. (NYSE:RIG) adds -$0.06 on Tuesday

The RIG stock has tanked -29.97% year-to-date and is currently trading at $4.86, which is -51.55% below its 52-week high. The company shares lost -1.22% on the day and have risen nearly 29.26% off a low hit. At current levels, Transocean Ltd. has a valuation of about $3.04B. As of 12/03/19, this stock has fallen -3.38% during the week and closed at $4.92 in the previous session. However, recent Transocean Ltd. stock performance shows that RIG shares are -5.45% down over the last month, and 3.62% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.24, with the trailing 12-month share earnings at -$2.44. The ratio is expected to be down by -57.00% for the current year 2019 and 37.90% for next year. Over the next 5-year period, earnings per share will be 4.80%. But will the RIG stock surprise in the current quarter results, where the -$0.38 actual EPS reported on 9/29/2019 surprised by 7.30% or was higher by $0.03 from the estimated -$0.41.

Sales Growth to climb 5.00% for the year

How well will Transocean Ltd. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $779M and $860.32M in current quarter sales. The consensus estimated for the current quarter is $813.89M from sales. Forecasts for this fiscal year are between $3.04B and $3.26B and the consensus estimate for sales is at $3.14B.

Who owns shares in Transocean Ltd. (RIG)?

Let’s briefly focus on the share ownership of the Transocean Ltd. (NYSE:RIG) stock, where we find that 77.34% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 55.4 million shares or 9.05% of shares outstanding. Primecap Management Company and Vanguard Group, Inc. (The) held 53.15 million and 52.71 million representing 8.69% and 8.61% respectively at the close of the last trading session. As of Sep 29, 2019, Contrarius Investment Management Limited accounted for 24.92 million shares at over 111.37 million. This represented 4.07% of shares outstanding. Platinum Investment Management Ltd held 18.2 million shares at over 81.37 million representing 2.98% of shares outstanding.

RIG Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Transocean Ltd. (RIG), a total of 98049 shares have been sold by insiders over the last 6 months while 134849 shares were added in the same time span. On 6/28/2019, by the name Davis Howard E bought 98049.0 shares worth $622600.0 at the price of $6.35 per share. Filings also show that Davis Howard E sold a total of 98049.0 shares on 6/28/2019 valued at $619700.0. Since the last insider activity, the company’s share price has dropped -24.18%.