Scientific Games Corp. (SGMS) Sees Strong Trading Volume
Shares of Scientific Games Corp. (NASDAQ:SGMS) saw unusually-high trading volume on Monday . Approximately 779,123 shares were traded during trading, an increase of 20% from the previous session’s volume of 649,323 shares.The stock last traded at $10.61 and had previously closed at $10.65.
SGMS has been the subject of several recent research reports. Zacks Investment Research raised Scientific Games Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Wednesday, April 27th. Telsey Advisory Group cut their price target on Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Friday, May 6th. Sterne Agee CRT reissued a “buy” rating and set a $13.50 price target (down previously from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Bank of America Corp. reissued a “sell” rating and set a $6.00 price target on shares of Scientific Games Corp. in a report on Friday, May 6th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a $5.70 price target (up previously from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.29.
The stock’s market cap is $947.01 million. The company has a 50 day moving average price of $9.76 and a 200-day moving average price of $8.79.
Scientific Games Corp. (NASDAQ:SGMS) last issued its earnings results on Thursday, May 5th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.97) by $0.10. The company earned $682 million during the quarter, compared to the consensus estimate of $693.88 million. During the same period last year, the business earned ($1.01) EPS. Analysts anticipate that Scientific Games Corp. will post ($3.29) EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Russell Frank Co raised its position in shares of Scientific Games Corp. by 33.1% in the fourth quarter. Russell Frank Co now owns 220,195 shares of the company’s stock worth $1,956,000 after buying an additional 54,706 shares during the period. Gabelli Funds LLC raised its position in shares of Scientific Games Corp. by 5.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the company’s stock worth $3,095,000 after buying an additional 17,500 shares during the period. Finally, Morgan Stanley raised its position in shares of Scientific Games Corp. by 32.6% in the fourth quarter. Morgan Stanley now owns 1,224,805 shares of the company’s stock worth $10,987,000 after buying an additional 300,998 shares during the period.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.