Shares of Scientific Games Corp (NASDAQ:SGMS) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $54.60.
A number of research firms have commented on SGMS. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price target on shares of Scientific Games in a report on Friday, February 2nd. Telsey Advisory Group began coverage on Scientific Games in a report on Wednesday. They issued an “outperform” rating and a $52.00 price target for the company. Zacks Investment Research cut Scientific Games from a “hold” rating to a “sell” rating in a report on Friday, February 9th. BidaskClub cut Scientific Games from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Jefferies Group began coverage on Scientific Games in a report on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price target for the company.
In other Scientific Games news, Director Peter A. Cohen sold 20,049 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $40.80, for a total transaction of $817,999.20. Following the completion of the sale, the director now owns 268,502 shares of the company’s stock, valued at $10,954,881.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Haddrill sold 8,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.28, for a total value of $410,240.00. Following the sale, the director now directly owns 136,542 shares of the company’s stock, valued at approximately $7,001,873.76. The disclosure for this sale can be found here. Insiders sold 33,049 shares of company stock valued at $1,435,939 over the last quarter. Insiders own 40.61% of the company’s stock.
Scientific Games (NASDAQ:SGMS) opened at $45.55 on Wednesday. Scientific Games has a 12 month low of $20.50 and a 12 month high of $56.45. The firm has a market capitalization of $4,070.93, a P/E ratio of -16.75 and a beta of 2.47. The company has a quick ratio of 2.21, a current ratio of 2.54 and a debt-to-equity ratio of -4.31.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.28) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.28). The business had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $814.40 million. equities research analysts predict that Scientific Games will post 0.02 earnings per share for the current fiscal year.
About Scientific Games
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.