Stars Group (TSG) Coverage Initiated by Analysts at Susquehanna Bancshares

Research analysts at Susquehanna Bancshares started coverage on shares of Stars Group (NASDAQ:TSG) in a note issued to investors on Friday, MarketBeat reports. The brokerage set a “positive” rating and a $26.00 price target on the stock. Susquehanna Bancshares’ price objective would suggest a potential upside of 52.94% from the stock’s current price.

Several other research firms have also recently issued reports on TSG. Macquarie lowered their target price on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 14th. TheStreet cut shares of Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Goldman Sachs Group assumed coverage on shares of Stars Group in a research note on Wednesday, September 26th. They set a “buy” rating on the stock. ValuEngine cut shares of Stars Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Stars Group currently has an average rating of “Hold” and an average target price of $31.00.

Shares of TSG stock opened at $17.00 on Friday. Stars Group has a one year low of $16.26 and a one year high of $38.95. The stock has a market cap of $4.69 billion, a P/E ratio of 7.56 and a beta of 1.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31.

Stars Group (NASDAQ:TSG) last posted its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The company had revenue of $571.98 million for the quarter, compared to the consensus estimate of $601.68 million. Stars Group had a negative net margin of 0.91% and a positive return on equity of 18.05%. Stars Group’s revenue was up 73.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 EPS. On average, analysts forecast that Stars Group will post 2.19 EPS for the current year.

Several large investors have recently modified their holdings of the company. Blackstone Group L.P. bought a new position in shares of Stars Group in the 3rd quarter worth approximately $607,739,000. Morgan Stanley lifted its stake in shares of Stars Group by 28.4% in the 2nd quarter. Morgan Stanley now owns 8,118,796 shares of the company’s stock worth $294,712,000 after purchasing an additional 1,793,803 shares during the period. Toronto Dominion Bank lifted its stake in shares of Stars Group by 143.5% in the 3rd quarter. Toronto Dominion Bank now owns 7,624,640 shares of the company’s stock worth $189,945,000 after purchasing an additional 4,493,140 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Stars Group by 51.1% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 6,404,200 shares of the company’s stock worth $305,352,000 after purchasing an additional 2,166,700 shares during the period. Finally, Senator Investment Group LP bought a new position in shares of Stars Group in the 2nd quarter worth approximately $154,275,000. Hedge funds and other institutional investors own 58.77% of the company’s stock.

About Stars Group

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

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