Scientific Games Co. (NASDAQ:SGMS) Receives an Average Rating of “Hold” by Brokerages

Scientific Games Co. (NASDAQ:SGMS) has been assigned an average recommendation of “Hold” by the ten brokerages that currently cover the stock, reports One analyst gave the stock a sell rating, three gave the company a hold rating and four gave the company a buy rating. The 12-month average target price among brokerages that have covered the stock over the past year is $81.11.

SGMS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on Scientific Games from $63.00 to $71.00 and gave the stock a “holding” rating in a Thursday, November 11 research note. Stifel Nicolaus downgraded Scientific Games from a “buy” rating to a “hold” rating and raised its price target for the company from $84.00 to $90.00 in a Wednesday, November 3 research note. Berenberg Bank began covering science games in a research note on Tuesday, October 19. They issued a “buy” rating and a price target of $98.00 on the stock. Truist Financial lowered its price target on Scientific Games from $110.00 to $85.00 and set a “buy” rating on the stock in a Thursday, January 13 report. Finally, Credit Suisse Group raised its price target on Scientific Games from $39.00 to $45.00 and gave the company an “underperforming” rating in a Wednesday, November 10 report.

NASDAQ:SGMS shares opened at $59.01 on Friday. The stock’s 50-day moving average price is $61.51 and its two-hundred-day moving average price is $69.59. Scientific Games has a 12 month minimum of $36.89 and a 12 month maximum of $90.20. The company has a market capitalization of $5.70 billion, a price-earnings ratio of 32.25 and a beta of 1.93.

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Scientific Games (NASDAQ:SGMS) last released its quarterly results on Tuesday, November 9. The tech company reported earnings per share (EPS) of $0.96 for the quarter, beating analyst consensus estimates of $0.45 by $0.51. Scientific Games had a negative return on equity of 5.54% and a net margin of 6.39%. The company posted revenue of $539.00 million for the quarter, versus analyst estimates of $759.57 million. On average, stock analysts predict Scientific Games will post 1.72 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of SGMS. FORA Capital LLC acquired a new position in shares of Scientific Games in the 2nd quarter for a value of approximately $46,000. Advisory Services Network LLC acquired a new stock position in Scientific Games in Q2 for a value of approximately $46,000. US Bancorp DE increased its position in Scientific Games shares by 121.5% in the third quarter. US Bancorp DE now owns 866 shares of the technology company worth $71,000 after acquiring 475 more shares last quarter. Dark Forest Capital Management LP acquired a new position in shares of Scientific Games in Q3 for a value of approximately $108,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of Scientific Games in Q3 worth approximately $169,000. Institutional investors hold 93.71% of the company’s shares.

Science Games Company Profile

Scientific Games Corp. engages in the development of technology-based products and services and related content. It operates through the following business segments: Games, Lottery, SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming products and services.

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Analyst Recommendations for Science Games (NASDAQ: SGMS)

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