Stifel Nicolaus Lowers PlayAGS (NYSE:AGS) to Hold

Stifel Nicolaus lowered shares of PlayAGS (NYSE:AGS) from a buy rating to a hold rating in a report released on Thursday, MarketBeat reports. Stifel Nicolaus currently has $12.50 price target on the stock, up from their previous price target of $12.00.

AGS has been the topic of a number of other research reports. JMP Securities reissued a market outperform rating and set a $13.00 target price on shares of PlayAGS in a research report on Monday, April 1st. B. Riley assumed coverage on shares of PlayAGS in a research report on Friday, April 5th. They set a buy rating and a $16.00 target price on the stock. Finally, Truist Financial reissued a hold rating and set a $12.50 target price (down previously from $13.00) on shares of PlayAGS in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, PlayAGS has a consensus rating of Moderate Buy and a consensus target price of $13.50.

PlayAGS Trading Down 0.4 %

NYSE AGS opened at $11.53 on Thursday. The company has a debt-to-equity ratio of 7.30, a quick ratio of 2.60 and a current ratio of 3.38. The company has a market capitalization of $454.97 million, a price-to-earnings ratio of 1,154.15 and a beta of 2.38. The company’s 50-day simple moving average is $9.48 and its two-hundred day simple moving average is $8.69. PlayAGS has a one year low of $5.10 and a one year high of $11.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kennedy Capital Management LLC grew its position in shares of PlayAGS by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,520 shares of the company’s stock worth $382,000 after buying an additional 1,375 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of PlayAGS by 3.1% in the 1st quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company’s stock worth $454,000 after buying an additional 1,497 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of PlayAGS by 19.1% in the 4th quarter. Mackenzie Financial Corp now owns 12,593 shares of the company’s stock worth $106,000 after buying an additional 2,023 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of PlayAGS by 41.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,116 shares of the company’s stock worth $164,000 after buying an additional 7,335 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in PlayAGS by 254.0% during the 3rd quarter. Quantbot Technologies LP now owns 13,269 shares of the company’s stock worth $87,000 after purchasing an additional 9,521 shares during the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Company Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.