Playags (NYSE:AGS)‘s stock had its “buy” rating reiterated by SunTrust Banks in a note issued to investors on Sunday. They presently have a $35.00 price target on the stock. SunTrust Banks’ target price indicates a potential upside of 16.16% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of Playags from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday. ValuEngine raised shares of Playags from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Zacks Investment Research downgraded shares of Playags from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank raised their target price on shares of Playags to $34.00 and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Bank of America raised their target price on shares of Playags from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.00.
Shares of NYSE AGS traded up $1.18 on Friday, reaching $30.13. 1,634,167 shares of the company’s stock traded hands, compared to its average volume of 457,640. Playags has a 12 month low of $16.66 and a 12 month high of $31.46. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of -15.53. The company has a debt-to-equity ratio of 3.55, a quick ratio of 2.01 and a current ratio of 2.74.
Playags (NYSE:AGS) last announced its earnings results on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). Playags had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business had revenue of $72.82 million for the quarter, compared to the consensus estimate of $64.67 million. During the same period in the prior year, the business posted ($0.87) EPS. Playags’s revenue for the quarter was up 45.4% on a year-over-year basis. analysts forecast that Playags will post -0.24 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of Playags during the first quarter valued at approximately $140,000. New York State Common Retirement Fund purchased a new stake in Playags in the first quarter worth approximately $140,000. The Manufacturers Life Insurance Company purchased a new stake in Playags in the first quarter worth approximately $188,000. Citadel Advisors LLC purchased a new stake in Playags in the first quarter worth approximately $201,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Playags in the first quarter worth approximately $219,000.
Playags Company Profile
PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.
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