Scientific Games Corp. (SGMS) Shares Up 2.1%
Scientific Games Corp. (NASDAQ:SGMS)’s share price shot up 2.1% during trading on Monday . The stock traded as high as $8.96 and last traded at $8.93, with a volume of 253,302 shares traded. The stock had previously closed at $8.75.
Several research firms have commented on SGMS. Zacks Investment Research raised shares of Scientific Games Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, April 27th. Deutsche Bank AG reissued a “hold” rating and set a $7.00 target price on shares of Scientific Games Corp. in a research report on Sunday, June 26th. Telsey Advisory Group lowered their target price on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Friday, May 6th. Sterne Agee CRT reissued a “buy” rating and set a $13.50 target price (down from $15.50) on shares of Scientific Games Corp. in a research report on Friday, May 6th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a $5.70 target price (up from $5.00) on shares of Scientific Games Corp. in a research report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.02.
The firm’s 50 day moving average is $9.68 and its 200-day moving average is $9.16. The company’s market capitalization is $761.45 million.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings data on Friday, August 5th. The company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.22. The company earned $729.20 million during the quarter, compared to the consensus estimate of $708.84 million. During the same period in the prior year, the firm posted ($1.19) earnings per share. On average, equities analysts forecast that Scientific Games Corp. will post ($3.22) EPS for the current year.
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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