Scientific Games Corp (NASDAQ:SGMS) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.20.
SGMS has been the subject of several recent analyst reports. Bank of America Corp upgraded shares of Scientific Games Corp from an “underperform” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, January 26th. Zacks Investment Research cut shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Finally, Telsey Advisory Group increased their price target on shares of Scientific Games Corp from $13.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, March 3rd.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded up 3.06% during mid-day trading on Tuesday, hitting $21.90. The stock had a trading volume of 665,391 shares. The stock’s market cap is $1.93 billion. The company’s 50 day moving average is $21.77 and its 200-day moving average is $16.96. Scientific Games Corp has a 52-week low of $7.90 and a 52-week high of $24.15.
Scientific Games Corp (NASDAQ:SGMS) last released its earnings results on Thursday, March 2nd. The technology company reported ($1.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.92) by $0.34. The firm had revenue of $752.20 million for the quarter, compared to the consensus estimate of $751.30 million. During the same period in the previous year, the business earned ($1.48) EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Scientific Games Corp will post ($2.20) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Scientific Games Corp during the third quarter valued at about $115,000. Municipal Employees Retirement System of Michigan boosted its stake in Scientific Games Corp by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,260 shares of the technology company’s stock valued at $127,000 after buying an additional 110 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Scientific Games Corp during the third quarter valued at about $193,000. Aperio Group LLC boosted its stake in Scientific Games Corp by 53.6% in the third quarter. Aperio Group LLC now owns 17,163 shares of the technology company’s stock valued at $193,000 after buying an additional 5,989 shares in the last quarter. Finally, Miles Capital Inc. boosted its stake in Scientific Games Corp by 7.2% in the fourth quarter. Miles Capital Inc. now owns 14,150 shares of the technology company’s stock valued at $198,000 after buying an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 65.96% of the company’s stock.
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. Its segments include Gaming, Lottery and Interactive. Its 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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