Analysts Set Accel Entertainment, Inc. (NYSE:ACEL) Price Target at $15.30

Accel Entertainment, Inc. (NYSE:ACEL) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.30.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Accel Entertainment from a “buy” rating to a “sell” rating in a research report on Tuesday, July 13th. Macquarie boosted their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, May 12th. Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of Accel Entertainment in a research report on Thursday, July 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Accel Entertainment in a research report on Thursday, April 8th. They issued an “overweight” rating and a $13.00 price target on the stock.

In other Accel Entertainment news, insider Derek Harmer sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 15th. The shares were sold at an average price of $12.23, for a total transaction of $97,840.00. Following the completion of the sale, the insider now owns 155,253 shares in the company, valued at approximately $1,898,744.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew H. Rubenstein sold 50,000 shares of the business’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $13.11, for a total transaction of $655,500.00. Following the sale, the chief executive officer now owns 4,192,232 shares of the company’s stock, valued at approximately $54,960,161.52. The disclosure for this sale can be found here. Insiders sold a total of 136,455 shares of company stock valued at $1,742,322 in the last quarter. 18.76% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ACEL. ProShare Advisors LLC bought a new stake in shares of Accel Entertainment in the 4th quarter worth $113,000. Bank of New York Mellon Corp grew its stake in shares of Accel Entertainment by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 171,944 shares of the company’s stock worth $1,736,000 after acquiring an additional 14,956 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Accel Entertainment by 84.5% in the 4th quarter. Renaissance Technologies LLC now owns 44,100 shares of the company’s stock worth $445,000 after acquiring an additional 20,200 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Accel Entertainment by 11.2% in the 4th quarter. Rhumbline Advisers now owns 48,505 shares of the company’s stock worth $490,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Accel Entertainment by 374.2% in the 4th quarter. Citigroup Inc. now owns 12,254 shares of the company’s stock worth $124,000 after acquiring an additional 9,670 shares in the last quarter. Hedge funds and other institutional investors own 47.92% of the company’s stock.

Shares of ACEL traded down $0.29 during mid-day trading on Friday, reaching $11.35. The company had a trading volume of 602 shares, compared to its average volume of 203,945. The business’s 50 day moving average price is $12.30. Accel Entertainment has a 1-year low of $7.34 and a 1-year high of $15.11. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.06 billion, a P/E ratio of -88.30 and a beta of 1.31.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Monday, May 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Accel Entertainment had a negative net margin of 2.66% and a positive return on equity of 6.21%. The business had revenue of $147.07 million for the quarter, compared to the consensus estimate of $137.17 million. On average, analysts anticipate that Accel Entertainment will post 0.63 earnings per share for the current year.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of video game terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

Further Reading: Return on Equity (ROE)

Analyst Recommendations for Accel Entertainment (NYSE:ACEL)

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