Scientific Games Corp. (SGMS) Shares Up 5.2%
Scientific Games Corp. (NASDAQ:SGMS) shares shot up 5.2% on Monday . The company traded as high as $9.34 and last traded at $9.34, with a volume of 273,275 shares traded. The stock had previously closed at $8.88.
A number of research firms have weighed in on SGMS. Zacks Investment Research downgraded Scientific Games Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Deutsche Bank AG reiterated a “hold” rating and set a $7.00 target price on shares of Scientific Games Corp. in a report on Sunday, June 26th. Sterne Agee CRT reiterated a “buy” rating and set a $13.50 target price (down previously from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $5.70 target price (up previously from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $6.00 target price on shares of Scientific Games Corp. in a report on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.29.
The firm’s market cap is $810.46 million. The stock’s 50-day moving average is $9.71 and its 200-day moving average is $8.94.
Scientific Games Corp. (NASDAQ:SGMS) last announced its quarterly earnings data on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.22. During the same period in the previous year, the business earned ($1.19) EPS. The firm earned $729.20 million during the quarter, compared to the consensus estimate of $708.84 million. Equities analysts anticipate that Scientific Games Corp. will post ($3.25) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Scientific Games Corp. stock. Morgan Stanley boosted its stake in Scientific Games Corp. (NASDAQ:SGMS) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,224,805 shares of the company’s stock after buying an additional 300,998 shares during the period. Morgan Stanley owned 1.42% of Scientific Games Corp. worth $10,987,000 as of its most recent SEC filing.
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.
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