The Stars Group Inc. (NYSE:TSG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm presently has a $23.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.75% from the company’s previous close.

According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “

Separately, BidaskClub raised The Stars Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th.

Shares of The Stars Group (NYSE:TSG) traded up 0.25% during midday trading on Wednesday, hitting $20.45. The stock had a trading volume of 79,100 shares. The Stars Group has a 52-week low of $12.85 and a 52-week high of $20.60. The firm has a market cap of $3.01 billion and a price-to-earnings ratio of 28.64. The firm’s 50 day moving average price is $17.75 and its 200 day moving average price is $17.23.

The Stars Group (NYSE:TSG) last posted its earnings results on Wednesday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The firm had revenue of $305.31 million for the quarter, compared to analyst estimates of $319.64 million. During the same period in the previous year, the company posted $0.46 EPS. The Stars Group’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that The Stars Group will post $2.24 earnings per share for the current year.

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