Zacks Investment Research upgraded shares of PlayAGS (NYSE:AGS) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. Zacks Investment Research currently has $23.00 price objective on the stock.
According to Zacks, “PlayAGS, Inc. is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The company’s product line-up includes Class III EGMs for commercial and Native American casinos, video bingo machines for select international markets, table game products and interactive social casino products. PlayAGS, Inc. is headquartered in Las Vegas, Nevada. “
Several other research firms also recently commented on AGS. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Tuesday, April 30th. Roth Capital boosted their target price on shares of Dmc Global from $50.00 to $70.00 and gave the company a buy rating in a research report on Monday, April 8th. Credit Suisse Group reiterated a neutral rating and set a $108.00 target price on shares of Wynn Resorts in a research report on Wednesday, March 20th. Finally, Deutsche Bank reiterated a buy rating and set a $31.00 target price on shares of PlayAGS in a research report on Sunday, May 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $33.00.
NYSE AGS opened at $21.17 on Wednesday. The business’s 50-day moving average is $19.32. The company has a current ratio of 1.91, a quick ratio of 1.36 and a debt-to-equity ratio of 3.84. The firm has a market cap of $731.23 million, a PE ratio of -141.13, a PEG ratio of 2.88 and a beta of 0.87. PlayAGS has a 52-week low of $17.49 and a 52-week high of $32.80.
In other PlayAGS news, CEO David Lopez sold 6,144 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.98, for a total transaction of $128,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AGS. Legal & General Group Plc lifted its position in PlayAGS by 20.6% during the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock valued at $103,000 after buying an additional 764 shares during the period. Optimum Investment Advisors acquired a new position in shares of PlayAGS in the first quarter valued at about $36,000. Hilltop Holdings Inc. increased its holdings in shares of PlayAGS by 7.5% in the fourth quarter. Hilltop Holdings Inc. now owns 23,000 shares of the company’s stock valued at $529,000 after purchasing an additional 1,600 shares during the period. Comerica Bank increased its holdings in shares of PlayAGS by 8.0% in the first quarter. Comerica Bank now owns 31,010 shares of the company’s stock valued at $765,000 after purchasing an additional 2,300 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new position in shares of PlayAGS in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 98.12% of the company’s stock.
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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