Scientific Games Corp (SGMS) Price Target Increased to $40.00 by Analysts at Stifel Nicolaus

Scientific Games Corp (NASDAQ:SGMS) had its price target hoisted by Stifel Nicolaus from $35.00 to $40.00 in a research report report published on Monday. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

Several other research firms have also recently issued reports on SGMS. BidaskClub cut Scientific Games Corp from a strong-buy rating to a buy rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Scientific Games Corp from a hold rating to a buy rating and set a $30.00 price target for the company in a research note on Thursday, July 20th. Finally, ValuEngine raised Scientific Games Corp from a sell rating to a hold rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $31.25.

Shares of Scientific Games Corp (SGMS) opened at 42.05 on Monday. Scientific Games Corp has a 12-month low of $10.33 and a 12-month high of $42.10. The firm has a 50-day moving average price of $35.86 and a 200-day moving average price of $27.22. The firm’s market cap is $3.76 billion.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million during the quarter, compared to the consensus estimate of $732.93 million. During the same period in the previous year, the company posted ($0.59) EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Scientific Games Corp will post ($2.23) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/19/scientific-games-corp-sgms-price-target-increased-to-40-00-by-analysts-at-stifel-nicolaus.html.

In related news, Director Gabrielle K. Mcdonald sold 2,133 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the transaction, the director now owns 7,173 shares of the company’s stock, valued at $276,160.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James C. Kennedy sold 122,681 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.14, for a total value of $4,556,372.34. Following the transaction, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The disclosure for this sale can be found here. In the last three months, insiders sold 192,850 shares of company stock valued at $7,281,691. Company insiders own 41.53% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Hanseatic Management Services Inc. boosted its stake in Scientific Games Corp by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock valued at $1,421,000 after buying an additional 148 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Scientific Games Corp by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock valued at $548,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in Scientific Games Corp by 0.7% during the second quarter. Arizona State Retirement System now owns 26,867 shares of the technology company’s stock valued at $701,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Scientific Games Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock valued at $274,000 after buying an additional 220 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Scientific Games Corp by 0.3% during the second quarter. Prudential Financial Inc. now owns 91,974 shares of the technology company’s stock valued at $2,401,000 after buying an additional 234 shares in the last quarter. 62.90% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Scientific Games Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply