PlayAGS Inc (NYSE:AGS) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.43.
AGS has been the topic of several research analyst reports. ValuEngine cut shares of PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Jefferies Financial Group raised shares of PlayAGS from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $36.00 in a research report on Friday, August 10th. Telsey Advisory Group initiated coverage on shares of PlayAGS in a research report on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. Credit Suisse Group initiated coverage on shares of PlayAGS in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $35.00 target price on shares of PlayAGS in a research report on Tuesday, October 2nd.
Shares of PlayAGS stock traded down $0.45 during mid-day trading on Monday, hitting $23.34. 460,577 shares of the stock were exchanged, compared to its average volume of 295,570. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80. The stock has a market capitalization of $839.92 million and a P/E ratio of -12.03. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.94 and a quick ratio of 2.16.
PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The company had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, analysts forecast that PlayAGS will post -0.41 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of PlayAGS during the third quarter valued at approximately $217,000. Verition Fund Management LLC purchased a new stake in shares of PlayAGS during the third quarter valued at approximately $221,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of PlayAGS during the second quarter valued at approximately $284,000. Panagora Asset Management Inc. purchased a new stake in shares of PlayAGS during the third quarter valued at approximately $293,000. Finally, Alliancebernstein L.P. raised its stake in shares of PlayAGS by 35.0% during the third quarter. Alliancebernstein L.P. now owns 10,800 shares of the company’s stock valued at $318,000 after purchasing an additional 2,800 shares during the period.
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.
Further Reading: Growth Stocks
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