Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Scientific Games (SGMS) on November 11 and set a price target of $29.00. The company’s shares closed last Monday at $30.53, close to its 52-week high of $31.63.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.6% and a 65.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.
Currently, the analyst consensus on Scientific Games is a Hold with an average price target of $28.60, implying a -4.3% downside from current levels. In a report issued on November 11, Susquehanna also downgraded the stock to Hold.
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Scientific Games’ market cap is currently $2.85B and has a P/E ratio of 23.96. The company has a Price to Book ratio of -1.28.
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.
