Stars Group Inc (NASDAQ:TSG) has earned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.00.
Several equities analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on Stars Group in a report on Wednesday, September 26th. They issued a “buy” rating on the stock. BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. ValuEngine cut Stars Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded Stars Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, October 17th. Finally, TheStreet cut Stars Group from a “b” rating to a “c” rating in a report on Monday, August 20th.
A number of institutional investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC acquired a new stake in Stars Group in the 3rd quarter valued at approximately $498,000. Vanguard Group Inc. raised its position in Stars Group by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,613,612 shares of the company’s stock valued at $89,979,000 after buying an additional 153,027 shares during the last quarter. Legal & General Group Plc raised its position in Stars Group by 239.3% in the 3rd quarter. Legal & General Group Plc now owns 94,477 shares of the company’s stock valued at $2,345,000 after buying an additional 66,629 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in Stars Group in the 3rd quarter valued at approximately $1,245,000. Finally, Nordea Investment Management AB acquired a new stake in Stars Group in the 3rd quarter valued at approximately $4,352,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TSG traded down $0.77 during midday trading on Friday, reaching $18.92. The company’s stock had a trading volume of 1,842,079 shares, compared to its average volume of 2,743,147. Stars Group has a fifty-two week low of $16.26 and a fifty-two week high of $38.95. The firm has a market cap of $5.40 billion, a PE ratio of 8.41 and a beta of 1.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05.
Stars Group (NASDAQ:TSG) last announced its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). Stars Group had a negative net margin of 0.91% and a positive return on equity of 18.05%. The business had revenue of $571.98 million during the quarter, compared to analyst estimates of $601.68 million. During the same quarter last year, the business posted $0.58 earnings per share. The business’s quarterly revenue was up 73.6% compared to the same quarter last year. On average, analysts anticipate that Stars Group will post 2.19 EPS for the current fiscal year.
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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