Jefferies Reiterates Their Buy Rating on Playags Inc (AGS)


Jefferies analyst David Katz reiterated a Buy rating on Playags Inc (AGS) on November 9 and set a price target of $34. The company’s shares opened today at $21.15.

According to TipRanks.com, Katz has 0 stars on 0-5 star ranking scale with an average return of -16.7% and a 11.6% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Golden Entertainment.

Currently, the analyst consensus on Playags Inc is a Strong Buy with an average price target of $33.40, which is a 57.9% upside from current levels. In a report issued on November 9, Deutsche Bank also maintained a Buy rating on the stock with a $30 price target.

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Based on Playags Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4.35 million. In comparison, last year the company had a GAAP net loss of $4.09 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock.

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.

PlayAGS, Inc. designs and supplies gaming products. The company operates through three segments: Electronic Gaming Machines, Table Products, and Interactive Social Casino Games. The Electronic Gaming Machines segment includes server-based and back office systems. The Table Products includes live felt table games, side bets and card shuffler.

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