Scientific Games (SGMS) Gets a Hold Rating from Deutsche Bank


In a report issued on November 9, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Scientific Games (SGMS), with a price target of $26. The company’s shares closed on Friday at $22.18, close to its 52-week low of $18.21.

According to TipRanks.com, Santarelli is a 4-star analyst with an average return of 6.9% and a 57.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.

Currently, the analyst consensus on Scientific Games is a Hold with an average price target of $28, representing a 26.2% upside. In a report issued on October 29, Stifel Nicolaus also maintained a Hold rating on the stock with a $29 price target.

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Based on Scientific Games’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $821 million and GAAP net loss of $352 million. In comparison, last year the company had a GAAP net loss of $59.3 million.

Based on the recent corporate insider activity of 82 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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