Brokerages Set Scientific Games Corp (SGMS) PT at $15.20

Shares of Scientific Games Corp (NASDAQ:SGMS) have received a consensus rating of “Hold” from the eight research firms that are covering the stock. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.20.

SGMS has been the subject of a number of analyst reports. Bank of America Corp raised shares of Scientific Games Corp from an “underperform” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, January 26th. Zacks Investment Research raised shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, March 7th. Telsey Advisory Group increased their target price on shares of Scientific Games Corp from $13.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, March 3rd. Finally, Macquarie cut shares of Scientific Games Corp from an “outperform” rating to a “neutral” rating in a research report on Friday, December 16th.

Institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in shares of Scientific Games Corp by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,260 shares of the company’s stock valued at $127,000 after buying an additional 110 shares in the last quarter. Miles Capital Inc. increased its position in shares of Scientific Games Corp by 7.2% in the fourth quarter. Miles Capital Inc. now owns 14,150 shares of the company’s stock valued at $198,000 after buying an additional 948 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Scientific Games Corp by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,270 shares of the company’s stock valued at $382,000 after buying an additional 1,380 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Scientific Games Corp by 3.6% in the third quarter. Great West Life Assurance Co. Can now owns 66,897 shares of the company’s stock valued at $754,000 after buying an additional 2,354 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Scientific Games Corp by 6.3% in the fourth quarter. Comerica Bank now owns 46,214 shares of the company’s stock valued at $723,000 after buying an additional 2,726 shares in the last quarter. Hedge funds and other institutional investors own 65.96% of the company’s stock.

Shares of Scientific Games Corp (NASDAQ:SGMS) opened at 21.75 on Tuesday. The firm has a 50-day moving average of $20.88 and a 200-day moving average of $15.58. The company’s market cap is $1.92 billion. Scientific Games Corp has a 52-week low of $7.90 and a 52-week high of $23.05.

Scientific Games Corp (NASDAQ:SGMS) last posted its earnings results on Thursday, March 2nd. The company reported ($1.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.92) by $0.34. The company had revenue of $752.20 million for the quarter, compared to the consensus estimate of $751.30 million. During the same period last year, the firm earned ($1.48) earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Scientific Games Corp will post ($2.18) earnings per share for the current year.

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About Scientific Games Corp

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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