Scientific Games Corp. (SGMS) Trading Up 3%
Shares of Scientific Games Corp. (NASDAQ:SGMS) were up 3% during mid-day trading on Friday . The company traded as high as $10.32 and last traded at $10.31, with a volume of 312,834 shares changing hands. The stock had previously closed at $10.01.
A number of analysts have recently issued reports on SGMS shares. Sterne Agee CRT reiterated a “buy” rating and set a $13.50 price objective (down previously from $15.50) on shares of Scientific Games Corp. in a research note on Friday, May 6th. Zacks Investment Research upgraded shares of Scientific Games Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $7.00 price objective on shares of Scientific Games Corp. in a research note on Sunday, June 26th. Telsey Advisory Group dropped their price objective on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Friday, May 6th. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a $5.70 price objective (up previously from $5.00) on shares of Scientific Games Corp. in a research note on Thursday, May 26th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.29.
The company has a 50-day moving average price of $9.62 and a 200-day moving average price of $8.61. The firm’s market capitalization is $898.09 million.
Scientific Games Corp. (NASDAQ:SGMS) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($1.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by $0.10. The company earned $682 million during the quarter, compared to analyst estimates of $693.88 million. During the same period last year, the firm posted ($1.01) earnings per share. On average, analysts forecast that Scientific Games Corp. will post ($3.29) EPS for the current year.
Other large investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its stake 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 valued at $3,095,000 after buying an additional 17,500 shares during the last quarter. Russell Frank Co boosted its stake 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 valued at $1,956,000 after buying an additional 54,706 shares during the last quarter. Finally, Morgan Stanley boosted its stake 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 valued at $10,987,000 after buying an additional 300,998 shares during the last quarter.
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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