Amaya Inc. (NASDAQ:AYA) Given Consensus Rating of “Hold” by Brokerages
Amaya Inc. (NASDAQ:AYA) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $29.50.
A number of research firms have recently weighed in on AYA. Desjardins lifted their price target on Amaya to $30.00 and gave the company a “hold” rating in a report on Monday, May 15th. Canaccord Genuity set a $29.00 price target on Amaya and gave the company a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research cut Amaya from a “buy” rating to a “hold” rating in a report on Friday, June 16th. TheStreet raised Amaya from a “d+” rating to a “c” rating in a report on Wednesday, May 24th. Finally, ValuEngine cut Amaya from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 23rd.
Shares of Amaya (AYA) opened at 17.70 on Friday. The firm’s 50-day moving average price is $17.60 and its 200 day moving average price is $16.52. Amaya has a 1-year low of $12.85 and a 1-year high of $20.35.
Amaya (NASDAQ:AYA) last released its quarterly earnings results on Friday, May 12th. The technology company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05. The company had revenue of $317.32 million for the quarter, compared to analysts’ expectations of $308.63 million. Amaya had a return on equity of 24.47% and a net margin of 12.28%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts predict that Amaya will post $2.19 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/12/amaya-inc-nasdaqaya-given-consensus-rating-of-hold-by-brokerages.html.
A number of large investors have recently made changes to their positions in AYA. Norges Bank purchased a new stake in shares of Amaya during the fourth quarter valued at approximately $17,336,000. James Investment Research Inc. purchased a new stake in shares of Amaya during the first quarter valued at approximately $2,411,000. Howard Hughes Medical Institute boosted its stake in shares of Amaya by 11.1% in the first quarter. Howard Hughes Medical Institute now owns 29,193 shares of the technology company’s stock valued at $496,000 after buying an additional 2,920 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Amaya by 16.9% in the first quarter. Russell Investments Group Ltd. now owns 282,663 shares of the technology company’s stock valued at $4,775,000 after buying an additional 40,843 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Amaya by 86.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 2,159,600 shares of the technology company’s stock valued at $36,713,000 after buying an additional 1,000,000 shares during the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.
Receive News & Ratings for Amaya Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amaya Inc. and related companies with MarketBeat.com's FREE daily email newsletter.