Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Scientific Games (SGMS) on March 6 and set a price target of $26. The company’s shares closed on Friday at $24.65.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.6% and a 61.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Red Rock Resorts Inc.
Scientific Games has an analyst consensus of Hold, with a price target consensus of $24, which is a -2.6% downside from current levels. In a report issued on February 22, Stifel Nicolaus also maintained a Hold rating on the stock with a $31 price target.
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Based on Scientific Games’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $207 million. In comparison, last year the company earned revenue of $823 million and had a GAAP net loss of $43.1 million.
Based on the recent corporate insider activity of 71 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.
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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 Social and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
