Shares of Scientific Games Corp (NASDAQ:SGMS) have earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.57.

SGMS has been the topic of several recent research reports. BidaskClub lowered Scientific Games from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. ValuEngine lowered Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Stifel Nicolaus reduced their target price on Scientific Games from $57.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, August 3rd. Zacks Investment Research lowered Scientific Games from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Finally, Jefferies Financial Group reduced their target price on Scientific Games from $61.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, August 7th.

NASDAQ:SGMS opened at $18.70 on Monday. Scientific Games has a fifty-two week low of $17.91 and a fifty-two week high of $62.80. The firm has a market cap of $1.71 billion, a P/E ratio of -8.38 and a beta of 2.21.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $828.92 million. During the same quarter in the previous year, the company posted ($0.66) EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts forecast that Scientific Games will post -0.7 earnings per share for the current fiscal year.

In other Scientific Games news, Director Barry F. Schwartz bought 5,000 shares of Scientific Games stock in a transaction on Monday, September 17th. The shares were acquired at an average price of $24.76 per share, for a total transaction of $123,800.00. Following the completion of the purchase, the director now directly owns 106,852 shares in the company, valued at approximately $2,645,655.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 40.48% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in shares of Scientific Games during the second quarter valued at $104,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Scientific Games during the second quarter valued at $140,000. Alps Advisors Inc. purchased a new position in shares of Scientific Games during the second quarter valued at $208,000. Buckley Wealth Management LLC purchased a new position in shares of Scientific Games during the second quarter valued at $270,000. Finally, Cerebellum GP LLC increased its stake in shares of Scientific Games by 125.9% during the third quarter. Cerebellum GP LLC now owns 5,565 shares of the technology company’s stock valued at $141,000 after buying an additional 3,101 shares during the period. Hedge funds and other institutional investors own 65.21% of the company’s stock.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

Featured Article: Moving Average – How it Helps Investors in Stock Selection

Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.