Citigroup Inc. Downgrades Scientific Games Corp. to Hold (SGMS)
Scientific Games Corp. (NASDAQ:SGMS) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $90.00 price target on the stock, up from their previous price target of $83.30.
A number of other firms have also recently commented on SGMS. Analysts at Buckingham Research initiated coverage on shares of Scientific Games Corp. in a research note on Friday, June 27th. They set a “neutral” rating and a $11.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Scientific Games Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, May 23rd. They now have a $8.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Scientific Games Corp. from $16.00 to $13.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.90.
Scientific Games Corp. (NASDAQ:SGMS) remained flat at $8.78 during trading on Monday. The stock had a trading volume of 1,347,644 shares. Scientific Games Corp. has a 52 week low of $8.26 and a 52 week high of $19.48. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $11.94. The company’s market cap is $739.9 million.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.56. The company had revenue of $388.10 million for the quarter, compared to the consensus estimate of $421.02 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 76.7% on a year-over-year basis. On average, analysts predict that Scientific Games Corp. will post $-1.16 earnings per share for the current fiscal year.
Scientific Games Corporation (NASDAQ:SGMS) is a global supplier of solutions to lottery and gaming organizations worldwide.
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