ValuEngine Upgrades PlayAGS (NYSE:AGS) to “Buy”

PlayAGS (NYSE:AGS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, May 17th.

Other equities analysts have also issued research reports about the stock. Bank of America increased their target price on shares of PlayAGS from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 4th. SunTrust Banks assumed coverage on shares of PlayAGS in a report on Tuesday, February 20th. They set a “buy” rating and a $23.00 target price on the stock. Deutsche Bank assumed coverage on shares of PlayAGS in a report on Tuesday, February 20th. They set a “buy” rating and a $23.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of PlayAGS in a research report on Tuesday, February 20th. They set a “buy” rating and a $24.00 price target for the company. Finally, Jefferies Group assumed coverage on shares of PlayAGS in a research report on Tuesday, February 20th. They set a “hold” rating for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.75.

Shares of AGS stock opened at $22.93 on Thursday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.08 and a current ratio of 2.91. The company has a market cap of $802.14 million and a P/E ratio of -11.82. PlayAGS has a 12 month low of $16.66 and a 12 month high of $24.04.

PlayAGS (NYSE:AGS) last posted its earnings results on Wednesday, March 14th. The company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.05). The company had revenue of $57.66 million for the quarter, compared to analyst estimates of $55.50 million. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.87) earnings per share. research analysts forecast that PlayAGS will post -0.26 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of PlayAGS in the 1st quarter worth about $140,000. New York State Common Retirement Fund purchased a new position in PlayAGS during the 1st quarter valued at about $140,000. The Manufacturers Life Insurance Company purchased a new position in PlayAGS during the 1st quarter valued at about $188,000. Citadel Advisors LLC purchased a new position in PlayAGS during the 1st quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC purchased a new position in PlayAGS during the 1st quarter valued at about $219,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

PlayAGS Company Profile

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PlayAGS (NYSE:AGS)

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