Analysts Set Scientific Games Corp. (SGMS) Target Price at $9.78
Shares of Scientific Games Corp. (NASDAQ:SGMS) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.20.
Several equities research analysts recently commented on SGMS shares. Zacks Investment Research cut Scientific Games Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet raised Scientific Games Corp. from a “sell” rating to a “hold” rating in a research report on Monday, November 7th.
In other news, Director David L. Kennedy sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $10.49, for a total value of $1,049,000.00. Following the transaction, the director now owns 121,765 shares of the company’s stock, valued at $1,277,314.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.03% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SGMS. SG Americas Securities LLC bought a new position in Scientific Games Corp. during the third quarter valued at approximately $102,000. Profund Advisors LLC increased its position in Scientific Games Corp. by 3.8% in the second quarter. Profund Advisors LLC now owns 11,830 shares of the company’s stock valued at $109,000 after buying an additional 432 shares during the period. Clinton Group Inc. bought a new position in Scientific Games Corp. during the second quarter valued at approximately $113,000. Summit Securities Group LLC bought a new position in Scientific Games Corp. during the third quarter valued at approximately $115,000. Finally, Municipal Employees Retirement System of Michigan increased its position in Scientific Games Corp. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,260 shares of the company’s stock valued at $127,000 after buying an additional 110 shares during the period. 67.94% of the stock is currently owned by hedge funds and other institutional investors.
Scientific Games Corp. (NASDAQ:SGMS) opened at 13.55 on Thursday. The stock’s 50 day moving average price is $12.23 and its 200 day moving average price is $10.20. Scientific Games Corp. has a one year low of $4.56 and a one year high of $13.60. The stock’s market cap is $1.19 billion.
Scientific Games Corp. (NASDAQ:SGMS) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.84) by $0.29. The company earned $720 million during the quarter, compared to the consensus estimate of $709.40 million. During the same quarter in the previous year, the business earned ($7.88) earnings per share. Equities analysts predict that Scientific Games Corp. will post ($3.76) earnings per share for the current fiscal year.
About Scientific Games Corp.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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