The Stars Group Inc. (NYSE:TSG) Stock Rating Upgraded by Zacks Investment Research
The Stars Group Inc. (NYSE:TSG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm presently has a $21.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.21% from the company’s current price.
According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “
Shares of The Stars Group (NYSE:TSG) opened at 18.65 on Friday. The stock has a 50 day moving average price of $17.73 and a 200-day moving average price of $16.75. The Stars Group has a 52 week low of $12.85 and a 52 week high of $20.35. The stock has a market cap of $2.73 billion and a P/E ratio of 35.80.
The Stars Group (NYSE:TSG) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The company had revenue of $305.31 million for the quarter, compared to analysts’ expectations of $319.64 million. During the same period in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that The Stars Group will post $2.12 EPS for the current fiscal year.
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