Scientific Games Co. (NASDAQ:SGMS) Given Average Rating of “Hold” by Brokerages
Scientific Games Co. (NASDAQ:SGMS – Get Rating) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $76.64.
SGMS has been the topic of several analyst reports. Credit Suisse Group boosted their price target on shares of Scientific Games from $45.00 to $52.00 and gave the stock an “underperform” rating in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Scientific Games from $71.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, March 2nd. Susquehanna boosted their price target on shares of Scientific Games from $13.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, March 11th. Susquehanna Bancshares boosted their price target on shares of Scientific Games from $13.00 to $55.00 in a research report on Friday, March 11th. Finally, StockNews.com cut shares of Scientific Games from a “buy” rating to a “hold” rating in a report on Wednesday, February 23rd.
In other news, Director Hamish Mclennan bought 6,250 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were bought at an average cost of $54.79 per share, with a total value of $342,437.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SGMS. Morgan Stanley grew its stake in Scientific Games by 0.5% in the 2nd quarter. Morgan Stanley now owns 2,970,004 shares of the technology company’s stock valued at $229,996,000 after buying an additional 14,425 shares during the last quarter. Comerica Bank grew its stake in Scientific Games by 4.0% in the 2nd quarter. Comerica Bank now owns 25,693 shares of the technology company’s stock valued at $1,679,000 after buying an additional 993 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Scientific Games by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 33,100 shares of the technology company’s stock valued at $2,750,000 after buying an additional 300 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in Scientific Games by 70.3% in the 3rd quarter. New Mexico Educational Retirement Board now owns 19,865 shares of the technology company’s stock valued at $1,650,000 after buying an additional 8,200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Scientific Games by 24.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,003 shares of the technology company’s stock valued at $1,994,000 after buying an additional 4,683 shares during the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.
SGMS opened at $59.49 on Monday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 15.95 and a beta of 1.88. Scientific Games has a 12 month low of $36.89 and a 12 month high of $90.20. The firm’s fifty day simple moving average is $60.02 and its 200 day simple moving average is $67.95.
Scientific Games (NASDAQ:SGMS – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of ($0.36) by $0.94. Scientific Games had a net margin of 13.60% and a negative return on equity of 10.75%. The firm had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $558.79 million. During the same period in the previous year, the firm posted ($0.59) EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, equities research analysts predict that Scientific Games will post 0.22 EPS for the current fiscal year.
About Scientific Games (Get Rating)
Scientific Games Corporation, doing business as Light & Wonder Inc, develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company’s Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.
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