Scientific Games Co. (NASDAQ: SGMS) Given the consensus recommendation of “hold” by brokerage firms
Scientific Games Co. (NASDAQ: SGMS) has received a consensus rating of “Hold” from the eleven analysts who currently cover the company, reports Marketbeat Ratings. One analyst assigned a sell rating to the stock, three assigned a conservation rating, and five assigned a buy rating to the company. The twelve-month average price target among brokers who updated their equity coverage in the past year is $ 73.90.
SGMS has been the subject of several research reports. Truist Securities raised its price target for Scientific Games shares from $ 68.00 to $ 90.00 and assigned the company a “buy” rating in a research note on Wednesday, June 30. Deutsche Bank Aktiengesellschaft raised its price target for Scientific Games shares from $ 54.00 to $ 63.00 and assigned the stock a “conservation” rating in a report released on Tuesday, August 10. Jefferies Financial Group raised its price target for Scientific Games stock from $ 62.00 to $ 95.00 and assigned a “buy” rating to the stock in a report released on Wednesday, June 30. Zacks Investment Research downgraded Scientific Games shares from a “buy” rating to a “keep” rating and set a price target of $ 71.00 for the company. in a report on Wednesday August 11. Finally, Truist raised its price target for Scientific Games stock from $ 68.00 to $ 90.00 and gave the stock a “buy” rating in a report released on Thursday, July 1.
Several hedge funds and other institutional investors have recently changed their positions in SGMS. Alliancebernstein LP increased its holdings of Scientific Games shares by 1,573.0% in the second quarter. Alliancebernstein LP now owns 2,337,221 shares of the tech company valued at $ 180,994,000 after purchasing an additional 2,197,518 shares in the last quarter. BlackRock Inc. increased its holdings of Scientific Games shares by 18.0% in the second quarter. BlackRock Inc. now owns 7,983,800 shares of the technology company valued at $ 618,265,000 after purchasing an additional 1,220,539 shares during the last quarter. Vanguard Group Inc. increased its holdings of Scientific Games shares by 14.0% in the second quarter. Vanguard Group Inc. now owns 8,291,511 shares of the tech company valued at $ 642,094,000 after purchasing an additional 1,020,846 shares in the last quarter. The Canada Pension Plan Investment Board increased its holdings of Scientific Games shares by 104.6% in the first quarter. The Canada Pension Plan Investment Board now owns 1,564,000 shares of the tech company valued at $ 60,245,000 after purchasing an additional 799,700 shares in the last quarter. Finally, Simcoe Capital Management LLC acquired a new stake in Scientific Games during the second quarter for a value of approximately $ 58,040,000. 85.30% of the shares are currently held by hedge funds and other institutional investors.
The NASDAQ SGMS opened at $ 86.11 on Monday. The company’s 50-day moving average is $ 71.58 and its 200-day moving average is $ 64.29. The company has a market cap of $ 8.30 billion, a P / E ratio of -69.44 and a beta of 2.06. Scientific Games has a 12-month low of $ 30.11 and a 12-month high of $ 87.45.
Scientific Games (NASDAQ: SGMS) last released its results on Monday, August 9. The tech company reported earnings per share of $ 1.10 for the quarter, beating the Zacks’ consensus estimate by $ 0.09 by $ 1.01. The company posted revenue of $ 880.00 million for the quarter, compared to a consensus estimate of $ 771.73 million. The company’s revenue grew 63.3% year-over-year. During the same period last year, the company posted EPS ($ 2.15). As a group, equity research analysts expect Scientific Games to post earnings per share of 1.2 for the current fiscal year.
Science Games Company Profile
Scientific Games Corp. engages in the development of products and services based on technology and related content. It operates in the following business sectors: games, lottery and SciPlay, and digital. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming products and services.
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