Scientific Games (SGMS) Gets a Hold Rating from Stifel Nicolaus


In a report released today, Steven Wieczynski from Stifel Nicolaus reiterated a Hold rating on Scientific Games (NASDAQ: SGMS), with a price target of $46. The company’s shares closed yesterday at $39.55.

According to TipRanks.com, Wieczynski is a 5-star analyst with an average return of 19.8% and a 70.4% success rate. Wieczynski covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Penn National Gaming, and Red Rock Resorts Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Scientific Games with a $53.50 average price target.

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Based on Scientific Games’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.8 million. In comparison, last year the company had a GAAP net loss of $39.1 million.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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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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