Shares of Playags Inc (NYSE:AGS) have been assigned a consensus rating of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $31.86.
A number of brokerages have weighed in on AGS. Zacks Investment Research downgraded shares of Playags from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Deutsche Bank increased their price target on shares of Playags to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. Telsey Advisory Group began coverage on shares of Playags in a report on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 price target for the company. Credit Suisse Group began coverage on shares of Playags in a report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group raised shares of Playags from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, August 10th.
Shares of NYSE AGS traded down $0.68 during trading hours on Wednesday, hitting $29.14. 251,132 shares of the stock were exchanged, compared to its average volume of 309,440. The company has a current ratio of 2.74, a quick ratio of 2.01 and a debt-to-equity ratio of 3.55. The company has a market cap of $1.05 billion and a P/E ratio of -15.10. Playags has a one year low of $16.66 and a one year high of $32.80.
In other Playags news, major shareholder Ap Gaming Voteco, Llc sold 6,325,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $28.01, for a total value of $177,163,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in AGS. Caledonia Private Investments Pty Ltd acquired a new position in shares of Playags in the 1st quarter valued at $37,447,000. Park West Asset Management LLC acquired a new stake in shares of Playags during the 1st quarter worth about $18,514,000. BlackRock Inc. acquired a new stake in shares of Playags during the 1st quarter worth about $13,988,000. Principal Financial Group Inc. acquired a new stake in shares of Playags during the 1st quarter worth about $12,030,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Playags during the 2nd quarter worth about $12,247,000.
PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.
Further Reading: Earnings Per Share (EPS)
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