Scientific Games Corp (SGMS) Receives $38.63 Average PT from Analysts

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Scientific Games Corp (NASDAQ:SGMS) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.63.

SGMS has been the subject of several research analyst reports. Jefferies Financial Group cut shares of Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Friday, November 16th. Deutsche Bank cut their target price on shares of Scientific Games to $26.00 and set a “hold” rating for the company in a research note on Monday, November 12th. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. Finally, BidaskClub upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th.

In other Scientific Games news, Director Ronald O. Perelman acquired 200,000 shares of the company’s stock in a transaction dated Monday, December 24th. The stock was bought at an average price of $16.20 per share, for a total transaction of $3,240,000.00. Following the purchase, the director now owns 88,032 shares in the company, valued at approximately $1,426,118.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald O. Perelman acquired 100,000 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was acquired at an average price of $17.65 per share, with a total value of $1,765,000.00. Following the purchase, the director now owns 88,032 shares in the company, valued at approximately $1,553,764.80. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 900,000 shares of company stock valued at $14,921,000. Corporate insiders own 40.48% of the company’s stock.

Several hedge funds have recently made changes to their positions in SGMS. Bank of New York Mellon Corp grew its holdings in shares of Scientific Games by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 592,337 shares of the technology company’s stock worth $29,114,000 after purchasing an additional 20,460 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Scientific Games by 3.9% in the 2nd quarter. Northern Trust Corp now owns 854,135 shares of the technology company’s stock worth $41,981,000 after purchasing an additional 32,429 shares during the last quarter. Cerebellum GP LLC grew its holdings in shares of Scientific Games by 125.9% in the 3rd quarter. Cerebellum GP LLC now owns 5,565 shares of the technology company’s stock worth $141,000 after purchasing an additional 3,101 shares during the last quarter. Seven Eight Capital LP grew its holdings in shares of Scientific Games by 816.8% in the 3rd quarter. Seven Eight Capital LP now owns 111,021 shares of the technology company’s stock worth $2,820,000 after purchasing an additional 98,912 shares during the last quarter. Finally, Exane Derivatives bought a new stake in shares of Scientific Games in the 3rd quarter worth about $420,000. Institutional investors own 66.26% of the company’s stock.

NASDAQ:SGMS traded down $0.28 during trading hours on Friday, hitting $24.49. 924,321 shares of the company traded hands, compared to its average volume of 1,347,093. The stock has a market cap of $2.27 billion, a P/E ratio of -10.98, a PEG ratio of 5.07 and a beta of 2.24. Scientific Games has a twelve month low of $14.79 and a twelve month high of $62.80.

Scientific Games (NASDAQ:SGMS) last released its earnings results on Thursday, November 8th. The technology company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $828.92 million. Scientific Games’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.66) earnings per share. On average, research analysts forecast that Scientific Games will post -0.7 EPS for the current fiscal year.

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.

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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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