Zacks Investment Research Downgrades Stars Group (NASDAQ:TSG) to Sell

Stars Group (NASDAQ:TSG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “

A number of other equities research analysts also recently weighed in on TSG. Morgan Stanley started coverage on shares of Stars Group in a research report on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 price target for the company. Barclays set a $21.00 price target on shares of Stars Group and gave the company a “hold” rating in a research report on Monday. BidaskClub upgraded shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Sunday. ValuEngine upgraded shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank started coverage on shares of Stars Group in a research report on Monday, July 1st. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.14.

TSG stock traded up $0.34 during mid-day trading on Thursday, hitting $13.57. 155,090 shares of the company were exchanged, compared to its average volume of 2,405,145. The business has a 50 day simple moving average of $16.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.73 billion, a PE ratio of 6.21 and a beta of 1.54. Stars Group has a 1-year low of $12.59 and a 1-year high of $29.67.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data 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. The firm had revenue of $637.62 million during the quarter, compared to the consensus estimate of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.88%. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Sell-side analysts predict that Stars Group will post 1.76 earnings per share for the current year.

A number of large investors have recently made changes to their positions in TSG. Russell Investments Group Ltd. bought a new position in Stars Group in the second quarter valued at approximately $145,000. Creative Planning bought a new position in Stars Group in the first quarter valued at approximately $214,000. FNY Investment Advisers LLC bought a new position in Stars Group in the second quarter valued at approximately $323,000. Invesco Ltd. increased its stake in Stars Group by 28.8% in the second quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock valued at $332,000 after acquiring an additional 4,355 shares during the last quarter. Finally, Bailard Inc. increased its stake in Stars Group by 55.2% in the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock valued at $368,000 after acquiring an additional 7,670 shares during the last quarter. 60.78% of the stock is currently owned by institutional investors and hedge funds.

Stars Group Company Profile

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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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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