Stars Group (NASDAQ:TSG) received a $21.00 price target from investment analysts at Barclays in a research note issued on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Barclays‘s target price points to a potential upside of 58.73% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. BidaskClub raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Sunday. JPMorgan Chase & Co. initiated coverage on shares of Stars Group in a research report on Monday, July 1st. They issued a “neutral” rating on the stock. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley initiated coverage on shares of Stars Group in a research report on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Stars Group currently has a consensus rating of “Hold” and an average target price of $25.28.
Shares of Stars Group stock traded down $0.20 during mid-day trading on Monday, hitting $13.23. 2,893,642 shares of the stock were exchanged, compared to its average volume of 2,304,321. Stars Group has a twelve month low of $12.59 and a twelve month high of $29.67. The company has a market cap of $4.60 billion, a PE ratio of 6.08 and a beta of 1.54. The stock has a 50-day moving average of $16.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.23.
Stars Group (NASDAQ:TSG) last released its earnings results on Monday, August 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The business had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. During the same period last year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 55.0% on a year-over-year basis. As a group, equities research analysts expect that Stars Group will post 1.88 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of Stars Group by 83.8% in the second quarter. Bank of America Corp DE now owns 233,174 shares of the company’s stock worth $3,980,000 after buying an additional 106,309 shares during the last quarter. Caledonia Private Investments Pty Ltd increased its stake in shares of Stars Group by 4.9% in the second quarter. Caledonia Private Investments Pty Ltd now owns 54,571,702 shares of the company’s stock worth $931,539,000 after buying an additional 2,567,478 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of Stars Group by 914.3% in the second quarter. Balyasny Asset Management LLC now owns 896,824 shares of the company’s stock worth $15,309,000 after buying an additional 808,409 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Stars Group in the second quarter worth $577,000. Finally, Invesco Ltd. increased its stake in shares of Stars Group by 28.8% in the second quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock worth $332,000 after buying an additional 4,355 shares during the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.
About Stars Group
The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.
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