Jefferies Downgrades Scientific Games (SGMS) to Hold


Scientific Games (SGMS) received a Hold rating and a $22 price target from Jefferies analyst David Katz today. The company’s shares closed yesterday at $19.96, close to its 52-week low of $18.21.

According to TipRanks.com, Katz has 0 stars on 0-5 star ranking scale with an average return of -13.1% and a 18.0% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Wyndham Destinations Inc, and Marriott International.

The word on The Street in general, suggests a Hold analyst consensus rating for Scientific Games with a $26.80 average price target, representing a 34.3% upside. In a report issued on November 9, Deutsche Bank also maintained a Hold rating on the stock with a $26 price target.

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The company has a one-year high of $62.80 and a one-year low of $18.21. Currently, Scientific Games has an average volume of 1.77M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SGMS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and Interactive. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.

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