Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Scientific Games (NASDAQ: SGMS) on August 2 and set a price target of $45. The company’s shares closed on Friday at $35.30, close to its 52-week low of $33.70.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 13.5% and a 68.6% 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 $45.50, representing a 28.9% upside. In a report issued on August 3, Stifel Nicolaus also reiterated a Hold rating on the stock with a $46 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.
