The Stars Group Inc. (TSG) Stock Rating Lowered by BidaskClub
The Stars Group Inc. (NYSE:TSG) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Separately, Zacks Investment Research raised The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, October 11th.
Shares of The Stars Group (NYSE TSG) opened at 19.90 on Friday. The company’s 50 day moving average is $19.52 and its 200 day moving average is $18.24. The firm has a market capitalization of $2.93 billion and a PE ratio of 27.87. The Stars Group has a 12-month low of $12.85 and a 12-month high of $20.70.
The Stars Group (NYSE:TSG) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $305.31 million during the quarter, compared to the consensus estimate of $319.64 million. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. On average, analysts forecast that The Stars Group will post $2.24 earnings per share for the current year.
A hedge fund recently bought a new stake in The Stars Group stock. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of The Stars Group Inc. (NYSE:TSG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $204,000.
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