Multimedia Games Holding Company Coverage Initiated at Buckingham Research (MGAM)
Investment analysts at Buckingham Research began coverage on shares of Multimedia Games Holding Company (NASDAQ:MGAM) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $37.00 price target on the stock. Buckingham Research’s target price suggests a potential upside of 28.07% from the stock’s previous close.
A number of other analysts have also recently weighed in on MGAM. Analysts at Zacks upgraded shares of Multimedia Games Holding Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $30.70 price target on the stock. Separately, analysts at Stifel initiated coverage on shares of Multimedia Games Holding Company in a research note on Tuesday, June 3rd. They set a “buy” rating and a $36.00 price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Multimedia Games Holding Company in a research note on Monday, June 2nd. They set a “buy” rating and a $36.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $35.67.
Multimedia Games Holding Company (NASDAQ:MGAM) opened at 28.89 on Friday. Multimedia Games Holding Company has a 52 week low of $25.03 and a 52 week high of $40.15. The stock’s 50-day moving average is $28.70 and its 200-day moving average is $29.99. The company has a market cap of $855.5 million and a price-to-earnings ratio of 22.95.
Multimedia Games Holding Company (NASDAQ:MGAM) last released its earnings data on Wednesday, April 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $58.20 million for the quarter, compared to the consensus estimate of $53.70 million. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, analysts predict that Multimedia Games Holding Company will post $1.30 earnings per share for the current fiscal year.
Multimedia Games Holding Company, Inc (NASDAQ:MGAM) is engaged in designing, manufacturing and supplying gaming machines and systems to commercial and Native American casino operators in North America, as well as, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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