Shares of PlayAGS Inc (NYSE:AGS) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.00.
Several analysts have recently weighed in on AGS shares. Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. ValuEngine upgraded shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Jefferies Financial Group upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $36.00 in a research report on Friday, August 10th. Deutsche Bank lifted their target price on shares of PlayAGS to $34.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Telsey Advisory Group started coverage on shares of PlayAGS in a research report on Thursday, August 23rd. They set an “outperform” rating and a $37.00 target price on the stock.
Shares of PlayAGS stock traded down $0.66 during trading on Friday, hitting $26.82. 194,270 shares of the company’s stock traded hands, compared to its average volume of 298,793. The company has a debt-to-equity ratio of 3.55, a quick ratio of 2.01 and a current ratio of 2.74. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80. The firm has a market cap of $989.46 million and a P/E ratio of -14.35.
PlayAGS (NYSE:AGS) last issued its earnings results on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business had revenue of $72.82 million for the quarter, compared to analyst estimates of $64.67 million. During the same quarter last year, the firm posted ($0.87) earnings per share. PlayAGS’s revenue was up 45.4% on a year-over-year basis. On average, equities analysts forecast that PlayAGS will post -0.44 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in AGS. BlackRock Inc. acquired a new position in PlayAGS in the first quarter valued at about $13,988,000. Principal Financial Group Inc. acquired a new position in PlayAGS in the first quarter valued at about $12,030,000. Hood River Capital Management LLC acquired a new position in PlayAGS in the second quarter valued at about $12,247,000. Russell Investments Group Ltd. boosted its position in PlayAGS by 135.8% in the second quarter. Russell Investments Group Ltd. now owns 540,026 shares of the company’s stock valued at $14,568,000 after buying an additional 311,054 shares in the last quarter. Finally, FMR LLC boosted its position in PlayAGS by 195.4% in the second quarter. FMR LLC now owns 415,354 shares of the company’s stock valued at $11,244,000 after buying an additional 274,754 shares in the last quarter.
PlayAGS Company Profile
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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