Scientific Games Corp Given Consensus Rating of “Hold” by Analysts (NASDAQ:SGMS)
Shares of Scientific Games Corp (NASDAQ:SGMS) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, Analyst RN reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.90.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded up 0.25% during mid-day trading on Thursday, hitting $7.479. The stock had a trading volume of 502,558 shares. Scientific Games Corp has a 52-week low of $7.37 and a 52-week high of $19.48. The stock has a 50-day moving average of $9.96 and a 200-day moving average of $11.75. The company’s market cap is $631.2 million.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Tuesday, August 5th. The company reported ($0.86) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.59. The company had revenue of $416.90 million for the quarter, compared to the consensus estimate of $413.72 million. During the same quarter last year, the company posted ($0.15) earnings per share. Scientific Games Corp’s revenue was up 77.4% compared to the same quarter last year. On average, analysts predict that Scientific Games Corp will post $-1.16 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SGMS shares. Analysts at Stifel Nicolaus downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Citigroup Inc. downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $90.00 price target on the stock, up previously from $83.30. Finally, 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.
Scientific Games Corporation (NASDAQ:SGMS) is a global supplier of solutions to lottery and gaming organizations worldwide.
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