Scientific Games Corp (NASDAQ:SGMS) Receives $24.00 Consensus PT from Analysts

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Shares of Scientific Games Corp (NASDAQ:SGMS) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.00.

A number of brokerages have recently issued reports on SGMS. ValuEngine downgraded shares of Scientific Games from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 27th. BidaskClub cut shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. TheStreet raised shares of Scientific Games from a “d+” rating to a “c-” rating in a research report on Friday, November 15th. Finally, Susquehanna Bancshares downgraded shares of Scientific Games from a “positive” rating to a “neutral” rating in a research note on Monday, November 11th.

Scientific Games stock traded up $0.61 during trading on Friday, hitting $27.26. 14,404 shares of the company were exchanged, compared to its average volume of 1,002,900. Scientific Games has a 52 week low of $14.79 and a 52 week high of $31.63. The company has a market capitalization of $2.49 billion, a P/E ratio of -50.00 and a beta of 2.21. The business’s 50 day moving average is $26.43 and its 200 day moving average is $21.44.

Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. The firm had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $851.61 million. Scientific Games had a negative return on equity of 1.07% and a net margin of 3.50%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. Equities analysts expect that Scientific Games will post -0.28 earnings per share for the current fiscal year.

In other Scientific Games news, Director Richard M. Haddrill sold 45,681 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $23.94, for a total transaction of $1,093,603.14. Following the sale, the director now owns 225,957 shares of the company’s stock, valued at approximately $5,409,410.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald O. Perelman purchased 50,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were bought at an average price of $20.42 per share, for a total transaction of $1,021,000.00. Following the purchase, the director now directly owns 9,074 shares in the company, valued at approximately $185,291.08. The disclosure for this purchase can be found here. Insiders have purchased a total of 350,000 shares of company stock worth $7,643,000 over the last ninety days. 40.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SGMS. Atwater Malick LLC purchased a new position in Scientific Games in the third quarter valued at approximately $31,000. Public Employees Retirement System of Ohio boosted its position in shares of Scientific Games by 56.6% in the third quarter. Public Employees Retirement System of Ohio now owns 2,391 shares of the technology company’s stock worth $49,000 after purchasing an additional 864 shares during the period. Royal Bank of Canada grew its position in shares of Scientific Games by 547.9% during the second quarter. Royal Bank of Canada now owns 3,019 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,553 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Scientific Games by 150.0% during the third quarter. Point72 Asset Management L.P. now owns 3,000 shares of the technology company’s stock worth $61,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Personal Wealth Partners purchased a new position in Scientific Games during the second quarter valued at $69,000. 60.98% of the stock is owned by institutional investors and hedge funds.

About Scientific Games

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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