PlayAGS Inc (AGS) Receives Average Rating of “Buy” from Analysts

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Shares of PlayAGS Inc (NYSE:AGS) have earned a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.43.

Several brokerages have recently commented on AGS. Zacks Investment Research upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, March 15th. Deutsche Bank restated a “buy” rating and issued a $32.00 target price on shares of PlayAGS in a research note on Wednesday, March 6th. Credit Suisse Group restated an “outperform” rating and issued a $35.00 target price on shares of PlayAGS in a research note on Wednesday, March 20th. Finally, ValuEngine upgraded shares of PlayAGS from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th.

AGS opened at $19.63 on Monday. PlayAGS has a fifty-two week low of $18.67 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.36 and a current ratio of 1.91. The firm has a market cap of $695.12 million, a price-to-earnings ratio of -130.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60.

PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). PlayAGS had a positive return on equity of 0.66% and a negative net margin of 3.88%. The business had revenue of $72.10 million for the quarter, compared to analyst estimates of $69.89 million. On average, sell-side analysts anticipate that PlayAGS will post 0.6 EPS for the current fiscal year.

In related news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $25.50, for a total transaction of $102,000,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Lopez sold 6,144 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.98, for a total transaction of $128,901.12. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AGS. Loomis Sayles & Co. L P acquired a new position in PlayAGS during the 1st quarter worth about $23,911,000. Marshall Wace LLP bought a new stake in PlayAGS during the 1st quarter worth about $20,195,000. FMR LLC raised its holdings in PlayAGS by 37.9% during the 4th quarter. FMR LLC now owns 1,585,184 shares of the company’s stock worth $36,459,000 after purchasing an additional 436,074 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in PlayAGS by 28.1% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 1,886,525 shares of the company’s stock worth $45,145,000 after purchasing an additional 414,101 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in PlayAGS by 51.6% during the 3rd quarter. Vanguard Group Inc now owns 1,055,404 shares of the company’s stock worth $31,103,000 after purchasing an additional 359,451 shares during the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

About PlayAGS

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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Analyst Recommendations for PlayAGS (NYSE:AGS)

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