PlayAGS Inc (NYSE:AGS) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $33.43.
Several equities research analysts recently weighed in on AGS shares. Zacks Investment Research upgraded PlayAGS from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 7th. Jefferies Financial Group upgraded PlayAGS from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $36.00 in a research report on Friday, August 10th. SunTrust Banks restated a “buy” rating and set a $35.00 price target on shares of PlayAGS in a research report on Sunday, August 12th. Credit Suisse Group started coverage on PlayAGS in a research report on Tuesday, August 14th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, ValuEngine lowered PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th.
NYSE AGS opened at $22.45 on Monday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.16 and a current ratio of 2.94. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80. The company has a market cap of $792.60 million and a P/E ratio of -11.57.
PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. PlayAGS had a negative return on equity of 10.81% and a negative net margin of 7.02%. The company had revenue of $71.80 million for the quarter, compared to analyst estimates of $69.06 million. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. Research analysts predict that PlayAGS will post -0.41 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in AGS. Dorsey & Whitney Trust CO LLC purchased a new position in PlayAGS during the third quarter valued at $217,000. Verition Fund Management LLC purchased a new position in PlayAGS during the third quarter valued at $221,000. Oppenheimer Asset Management Inc. purchased a new position in PlayAGS during the second quarter valued at $284,000. Panagora Asset Management Inc. purchased a new position in PlayAGS during the third quarter valued at $293,000. Finally, Alliancebernstein L.P. raised its stake in PlayAGS by 35.0% during the third quarter. Alliancebernstein L.P. now owns 10,800 shares of the company’s stock valued at $318,000 after buying an additional 2,800 shares during the last quarter.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.
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