Multimedia Games Holding Company Given Consensus Rating of “Buy” by Analysts (NASDAQ:MGAM)
Multimedia Games Holding Company (NASDAQ:MGAM) has received a consensus rating of “Buy” from the eight ratings firms that are covering the company, AnalystRatings.Net reports. Eight investment analysts have rated the stock with a buy rating, The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.67.
Shares of Multimedia Games Holding Company (NASDAQ:MGAM) traded up 1.73% on Friday, hitting $29.39. The stock had a trading volume of 172,841 shares. Multimedia Games Holding Company has a 1-year low of $25.03 and a 1-year 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 $870.3 million and a price-to-earnings ratio of 22.95.
Multimedia Games Holding Company (NASDAQ:MGAM) last announced its earnings results on Wednesday, April 30th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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. Multimedia Games Holding Company’s revenue was up 24.9% compared to the same quarter last year. Analysts expect that Multimedia Games Holding Company will post $1.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on MGAM shares. Analysts at Buckingham Research initiated coverage on shares of Multimedia Games Holding Company in a research note on Friday. They set a “buy” rating and a $37.00 price target on the stock. Separately, 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. Finally, 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.
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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