Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Scientific Games (SGMS) on October 14 and set a price target of $20.00. The company’s shares closed last Monday at $23.59.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.2% and a 60.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.
Scientific Games has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.
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Based on Scientific Games’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $845 million and GAAP net loss of $77 million. In comparison, last year the company earned revenue of $821 million and had a GAAP net loss of $352 million.
Based on the recent corporate insider activity of 44 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.
