Brokerages Set Scientific Games Co. (SGMS) Price Target at $55.00

Shares of Scientific Games Co. (NASDAQ:SGMS) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $55.00.

Several equities analysts have recently weighed in on the company. Telsey Advisory Group raised their price objective on Scientific Games from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, April 4th. ValuEngine upgraded Scientific Games from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Bank of America decreased their price objective on Scientific Games from $58.00 to $53.00 and set a “buy” rating for the company in a report on Friday, March 2nd. Jefferies Group assumed coverage on Scientific Games in a report on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price objective for the company. Finally, Zacks Investment Research cut Scientific Games from a “hold” rating to a “sell” rating in a report on Friday, February 9th.

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SGMS stock opened at $42.25 on Friday. 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 has a 1 year low of $20.60 and a 1 year high of $56.45.



Scientific Games (NASDAQ:SGMS) last released its earnings results on Wednesday, February 28th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). The firm had revenue of $823.00 million for the quarter, compared to the consensus estimate of $814.40 million. sell-side analysts forecast that Scientific Games will post 0.02 EPS for the current year.

In related news, Director Michael Gavin Isaacs sold 56,649 shares of Scientific Games stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $46.17, for a total transaction of $2,615,484.33. Following the completion of the transaction, the director now owns 42,779 shares in the company, valued at $1,975,106.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Cohen sold 9,500 shares of Scientific Games stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $41.23, for a total value of $391,685.00. Following the transaction, the director now owns 249,486 shares of the company’s stock, valued at approximately $10,286,307.78. The disclosure for this sale can be found here. Insiders have sold 141,798 shares of company stock valued at $6,323,025 in the last quarter. 40.61% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SGMS. BlackRock Inc. lifted its position in Scientific Games by 1.9% during the fourth quarter. BlackRock Inc. now owns 6,609,383 shares of the technology company’s stock worth $339,061,000 after acquiring an additional 123,272 shares during the last quarter. Renaissance Technologies LLC lifted its position in Scientific Games by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,967,748 shares of the technology company’s stock worth $152,245,000 after acquiring an additional 424,762 shares during the last quarter. Whale Rock Capital Management LLC lifted its position in Scientific Games by 48.0% during the third quarter. Whale Rock Capital Management LLC now owns 2,093,468 shares of the technology company’s stock worth $95,986,000 after acquiring an additional 678,561 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Scientific Games by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 841,496 shares of the technology company’s stock worth $38,580,000 after acquiring an additional 20,166 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its position in Scientific Games by 326.6% during the fourth quarter. Hennessy Advisors Inc. now owns 822,100 shares of the technology company’s stock worth $42,174,000 after acquiring an additional 629,400 shares during the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.

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About Scientific Games

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

Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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