PlayAGS (NYSE:AGS)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report released on Tuesday. They presently have a $34.00 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 60.76% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $33.00 target price on shares of PlayAGS in a report on Monday. ValuEngine raised PlayAGS from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Stifel Nicolaus raised their target price on PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 17th. Telsey Advisory Group assumed coverage on PlayAGS in a report on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on PlayAGS in a report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.38.

Shares of AGS stock traded up $0.27 during trading hours on Tuesday, reaching $21.15. The company’s stock had a trading volume of 421,399 shares, compared to its average volume of 302,916. The company has a market cap of $741.77 million and a PE ratio of -10.90. PlayAGS has a fifty-two week low of $16.66 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.16 and a current ratio of 2.94.

PlayAGS (NYSE:AGS) last issued its earnings results on Thursday, November 8th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The firm had revenue of $71.80 million for the quarter, compared to the consensus estimate of $69.06 million. PlayAGS had a negative return on equity of 10.81% and a negative net margin of 7.02%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. On average, equities analysts predict that PlayAGS will post -0.44 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of PlayAGS during the 3rd quarter valued at $217,000. The Manufacturers Life Insurance Company acquired a new stake in shares of PlayAGS during the 1st quarter valued at $188,000. Panagora Asset Management Inc. acquired a new stake in shares of PlayAGS during the 3rd quarter valued at $293,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PlayAGS during the 2nd quarter valued at $284,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of PlayAGS by 35.0% during the 3rd quarter. Alliancebernstein L.P. now owns 10,800 shares of the company’s stock valued at $318,000 after acquiring an additional 2,800 shares in the last quarter.

About PlayAGS

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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Analyst Recommendations for PlayAGS (NYSE:AGS)

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