Analysts Set Scientific Games Corp (SGMS) PT at $42.20

Shares of Scientific Games Corp (NASDAQ:SGMS) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $42.20.

SGMS has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, July 20th. Bank of America Corp restated a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Finally, Craig Hallum restated a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th.

Scientific Games Corp (NASDAQ:SGMS) traded up 0.67% during midday trading on Wednesday, reaching $45.00. The company’s stock had a trading volume of 449,778 shares. The stock’s market capitalization is $4.02 billion. Scientific Games Corp has a 52 week low of $10.90 and a 52 week high of $48.05. The firm’s 50-day moving average price is $41.33 and its 200-day moving average price is $30.48.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The firm had revenue of $766.30 million for the quarter, compared to analyst estimates of $732.93 million. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) earnings per share. On average, analysts anticipate that Scientific Games Corp will post ($2.24) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Analysts Set Scientific Games Corp (SGMS) PT at $42.20” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/16/analysts-set-scientific-games-corp-sgms-pt-at-42-20.html.

In related news, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the completion of the sale, the director now directly owns 7,173 shares in the company, valued at approximately $276,160.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Gavin Isaacs sold 68,036 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the sale, the director now owns 110,815 shares of the company’s stock, valued at $4,305,162.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,850 shares of company stock valued at $7,281,691. 41.53% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its holdings in Scientific Games Corp by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock valued at $6,613,000 after purchasing an additional 5,149 shares in the last quarter. BlackRock Inc. increased its holdings in Scientific Games Corp by 157,167.7% in the 1st quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after purchasing an additional 6,116,966 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Scientific Games Corp by 1.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock valued at $274,000 after purchasing an additional 220 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Scientific Games Corp by 57.7% in the 2nd quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock valued at $4,844,000 after purchasing an additional 67,902 shares in the last quarter. Finally, Sylebra HK Co Ltd increased its holdings in Scientific Games Corp by 0.4% in the 2nd quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock valued at $224,957,000 after purchasing an additional 36,275 shares in the last quarter. Hedge funds and other institutional investors own 62.77% of the company’s stock.

About Scientific Games Corp

SGMS has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, July 20th. Bank of America Corp restated a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Finally, Craig Hallum restated a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th.

Scientific Games Corp (NASDAQ:SGMS) traded up 0.67% during midday trading on Wednesday, reaching $45.00. The company’s stock had a trading volume of 449,778 shares. The stock’s market capitalization is $4.02 billion. Scientific Games Corp has a 52 week low of $10.90 and a 52 week high of $48.05. The firm’s 50-day moving average price is $41.33 and its 200-day moving average price is $30.48.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The firm had revenue of $766.30 million for the quarter, compared to analyst estimates of $732.93 million. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) earnings per share. On average, analysts anticipate that Scientific Games Corp will post ($2.24) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Analysts Set Scientific Games Corp (SGMS) PT at $42.20” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/16/analysts-set-scientific-games-corp-sgms-pt-at-42-20.html.

In related news, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the completion of the sale, the director now directly owns 7,173 shares in the company, valued at approximately $276,160.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Gavin Isaacs sold 68,036 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the sale, the director now owns 110,815 shares of the company’s stock, valued at $4,305,162.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,850 shares of company stock valued at $7,281,691. 41.53% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its holdings in Scientific Games Corp by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock valued at $6,613,000 after purchasing an additional 5,149 shares in the last quarter. BlackRock Inc. increased its holdings in Scientific Games Corp by 157,167.7% in the 1st quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after purchasing an additional 6,116,966 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Scientific Games Corp by 1.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock valued at $274,000 after purchasing an additional 220 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Scientific Games Corp by 57.7% in the 2nd quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock valued at $4,844,000 after purchasing an additional 67,902 shares in the last quarter. Finally, Sylebra HK Co Ltd increased its holdings in Scientific Games Corp by 0.4% in the 2nd quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock valued at $224,957,000 after purchasing an additional 36,275 shares in the last quarter. Hedge funds and other institutional investors own 62.77% of the company’s stock.

About Scientific Games Corp

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

Analyst Recommendations for Scientific Games Corp (NASDAQ:SGMS)

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