Multimedia Games Holding Co. Upgraded by Zacks to Outperform (MGAM)
Multimedia Games Holding Co. (NASDAQ:MGAM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, AnalystRatings.Net reports. The firm currently has a $37.20 target price on the stock. Zacks‘ price objective would suggest a potential upside of 7.55% from the company’s current price.
A number of other analysts have also recently weighed in on MGAM. Analysts at Janney Montgomery Scott upgraded shares of Multimedia Games Holding Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 13th. They now have a $37.00 price target on the stock, up previously from $34.00. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.80.
Shares of Multimedia Games Holding Co. (NASDAQ:MGAM) traded up 0.41% on Monday, hitting $34.59. The stock had a trading volume of 188,397 shares. Multimedia Games Holding Co. has a 52 week low of $14.00 and a 52 week high of $40.15. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $32.64. The company has a market cap of $1.024 billion and a price-to-earnings ratio of 30.22.
Multimedia Games Holding Co. (NASDAQ:MGAM) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.06. Analysts expect that Multimedia Games Holding Co. will post $1.27 EPS for the current fiscal year.
Multimedia Games Holding Company, Inc, formerly Multimedia Games, Inc, designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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