BidaskClub Upgrades The Stars Group Inc. (TSG) to “Hold”
The Stars Group Inc. (NYSE:TSG) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.
Separately, Zacks Investment Research raised shares of The Stars Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Saturday, August 12th.
Shares of The Stars Group (TSG) traded up 10.60% on Friday, hitting $19.30. 750,040 shares of the stock were exchanged. The firm has a market capitalization of $2.84 billion and a PE ratio of 27.03. The company has a 50-day moving average price of $17.75 and a 200-day moving average price of $17.23. The Stars Group has a one year low of $12.85 and a one year high of $20.35.
The Stars Group (NYSE:TSG) last announced its earnings results on Wednesday, August 9th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $305.31 million for the quarter, compared to the consensus estimate of $319.64 million. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Equities research analysts expect that The Stars Group will post $2.12 earnings per share for the current year.
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