Credit Suisse Group reissued their underperform rating on shares of Scientific Games (NASDAQ:SGMS) in a report issued on Wednesday, Marketbeat.com reports. Credit Suisse Group currently has a $21.00 target price on the technology company’s stock.

SGMS has been the subject of a number of other research reports. Zacks Investment Research upgraded Scientific Games from a sell rating to a hold rating in a report on Monday, January 21st. BidaskClub upgraded Scientific Games from a strong sell rating to a sell rating in a report on Saturday, January 5th. Susquehanna Bancshares started coverage on Scientific Games in a report on Friday, December 7th. They issued a positive rating and a $25.00 target price for the company. Jefferies Financial Group set a $22.00 target price on Scientific Games and gave the company a hold rating in a report on Friday, December 14th. Finally, ValuEngine upgraded Scientific Games from a sell rating to a hold rating in a report on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Scientific Games has a consensus rating of Hold and a consensus target price of $37.88.

Shares of NASDAQ SGMS opened at $21.86 on Wednesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -40.48, a PEG ratio of 4.71 and a beta of 2.37. Scientific Games has a 1 year low of $14.79 and a 1 year high of $62.80.

Scientific Games (NASDAQ:SGMS) last released its earnings results on Thursday, February 21st. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $2.11. The business had revenue of $885.70 million during the quarter, compared to analysts’ expectations of $871.92 million. Scientific Games’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.48) EPS. On average, equities research analysts predict that Scientific Games will post 0.48 earnings per share for the current year.

In other Scientific Games news, Director Ronald O. Perelman bought 100,000 shares of the stock in a transaction on Wednesday, December 26th. The shares were purchased at an average cost of $17.11 per share, with a total value of $1,711,000.00. Following the completion of the transaction, the director now directly owns 88,032 shares of the company’s stock, valued at approximately $1,506,227.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald O. Perelman bought 300,000 shares of the stock in a transaction on Thursday, December 27th. The shares were acquired at an average cost of $16.93 per share, for a total transaction of $5,079,000.00. Following the completion of the transaction, the director now directly owns 88,032 shares of the company’s stock, valued at $1,490,381.76. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 700,000 shares of company stock valued at $11,795,000. 40.48% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Scientific Games by 2.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,632 shares of the technology company’s stock worth $387,000 after buying an additional 530 shares during the last quarter. Arizona State Retirement System lifted its stake in Scientific Games by 1.4% during the fourth quarter. Arizona State Retirement System now owns 39,493 shares of the technology company’s stock worth $706,000 after purchasing an additional 543 shares during the period. Legal & General Group Plc lifted its stake in Scientific Games by 1.4% during the third quarter. Legal & General Group Plc now owns 52,409 shares of the technology company’s stock worth $1,331,000 after purchasing an additional 704 shares during the period. American International Group Inc. lifted its stake in Scientific Games by 0.5% during the fourth quarter. American International Group Inc. now owns 147,735 shares of the technology company’s stock worth $2,642,000 after purchasing an additional 750 shares during the period. Finally, Teachers Advisors LLC lifted its stake in Scientific Games by 0.9% during the third quarter. Teachers Advisors LLC now owns 108,090 shares of the technology company’s stock worth $2,745,000 after purchasing an additional 1,009 shares during the period. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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