Zacks Investment Research upgraded shares of Stars Group (NASDAQ:TSG) from a hold rating to a buy rating in a research note published on Thursday morning. Zacks Investment Research currently has $42.00 price target on the stock.
According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “
A number of other research firms have also issued reports on TSG. Desjardins reissued a hold rating on shares of Stars Group in a report on Thursday, March 15th. BidaskClub lowered Stars Group from a buy rating to a hold rating in a report on Wednesday, March 21st. Finally, ValuEngine lowered Stars Group from a strong-buy rating to a buy rating in a report on Saturday, June 2nd.
Shares of Stars Group traded up $0.75, hitting $36.30, during mid-day trading on Thursday, MarketBeat.com reports. 2,725,865 shares of the stock were exchanged, compared to its average volume of 579,426. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 16.13 and a beta of 1.81. Stars Group has a 12-month low of $15.85 and a 12-month high of $38.95. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.15 and a current ratio of 1.15.
Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.11. The company had revenue of $392.89 million for the quarter, compared to analyst estimates of $356.47 million. Stars Group had a return on equity of 24.66% and a net margin of 19.39%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. research analysts predict that Stars Group will post 2.45 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN acquired a new stake in Stars Group in the first quarter valued at about $198,000. Comerica Bank acquired a new stake in Stars Group in the fourth quarter valued at about $202,000. Allianz Asset Management GmbH acquired a new stake in Stars Group in the fourth quarter valued at about $241,000. LPL Financial LLC acquired a new stake in Stars Group in the first quarter valued at about $303,000. Finally, Bluestein R H & Co. acquired a new stake in Stars Group in the first quarter valued at about $317,000. 64.27% of the stock is currently owned by hedge funds and other institutional investors.
Stars Group Company Profile
The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.
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