Scientific Games (NASDAQ:SGMS) had its price target reduced by investment analysts at Truist Securities from $110.00 to $85.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Securities’ price target would indicate a potential upside of 38.66% from the company’s current price. Truist Securities also issued estimates for Scientific Games’ Q1 2022 earnings at $0.44 EPS, Q2 2022 earnings at $0.63 EPS, Q3 2022 earnings at $0.18 EPS and FY2022 earnings at $1.55 EPS.
SGMS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Scientific Games from $63.00 to $71.00 and gave the stock a “hold” rating in a research report on Thursday, November 11th. Berenberg Bank assumed coverage on shares of Scientific Games in a research report on Tuesday, October 19th. They set a “buy” rating and a $98.00 price target on the stock. Credit Suisse Group raised their price target on shares of Scientific Games from $39.00 to $45.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 10th. Craig Hallum raised their price target on shares of Scientific Games from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 24th. Finally, Truist lowered their price target on shares of Scientific Games from $110.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $81.50.
Shares of SGMS opened at $61.30 on Thursday. The firm has a market capitalization of $5.92 billion, a PE ratio of 33.50 and a beta of 1.93. The company’s 50-day moving average is $65.22 and its 200-day moving average is $71.02. Scientific Games has a fifty-two week low of $36.89 and a fifty-two week high of $90.20.
Hedge funds have recently added to or reduced their stakes in the business. FORA Capital LLC bought a new position in Scientific Games in the 2nd quarter valued at about $46,000. Advisory Services Network LLC acquired a new stake in shares of Scientific Games in the 2nd quarter valued at approximately $46,000. US Bancorp DE boosted its stake in shares of Scientific Games by 121.5% in the 3rd quarter. US Bancorp DE now owns 866 shares of the technology company’s stock valued at $71,000 after purchasing an additional 475 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Scientific Games by 86.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,191 shares of the technology company’s stock valued at $91,000 after purchasing an additional 552 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Scientific Games in the 3rd quarter valued at approximately $108,000. 93.71% of the stock is currently owned by hedge funds and other institutional investors.
Scientific Games Company Profile
Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay, and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
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