Stars Group (NASDAQ:TSG) had its price target lowered by stock analysts at Morgan Stanley from $18.00 to $17.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 4.68% from the company’s current price.
Several other research firms have also weighed in on TSG. Desjardins upgraded Stars Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. BMO Capital Markets restated a “buy” rating and set a $30.00 target price on shares of Stars Group in a report on Monday. BidaskClub upgraded Stars Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research lowered Stars Group from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Barclays lowered Stars Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.95.
NASDAQ TSG opened at $16.24 on Thursday. Stars Group has a fifty-two week low of $12.59 and a fifty-two week high of $26.00. The stock’s 50-day moving average is $15.21 and its two-hundred day moving average is $16.84. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $4.74 billion, a P/E ratio of 7.42 and a beta of 1.54.
Stars Group (NASDAQ:TSG) last posted its earnings results on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Stars Group had a return on equity of 11.76% and a net margin of 0.39%. The company had revenue of $637.62 million for the quarter, compared to analyst estimates of $655.97 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 55.0% compared to the same quarter last year. On average, equities analysts expect that Stars Group will post 1.76 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Caledonia Private Investments Pty Ltd increased its stake in shares of Stars Group by 19.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,210,997 shares of the company’s stock worth $229,871,000 after purchasing an additional 2,108,422 shares during the period. Morgan Stanley grew its position in Stars Group by 2.1% during the fourth quarter. Morgan Stanley now owns 260,216 shares of the company’s stock worth $3,276,000 after buying an additional 5,234 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Stars Group during the fourth quarter worth about $20,546,000. Napier Park Global Capital US LP grew its position in Stars Group by 169.5% during the fourth quarter. Napier Park Global Capital US LP now owns 91,255 shares of the company’s stock worth $1,150,000 after buying an additional 57,400 shares in the last quarter. Finally, Blackstone Group L.P. acquired a new stake in Stars Group during the third quarter worth about $607,739,000. Institutional investors and hedge funds own 65.46% of the company’s stock.
Stars Group Company Profile
The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.
Recommended Story: Equal Weight Rating
Receive News & Ratings for Stars Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stars Group and related companies with MarketBeat.com's FREE daily email newsletter.