PlayAGS Inc (NYSE:AGS) Receives $24.33 Average Target Price from Analysts

PlayAGS Inc (NYSE:AGS) has been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.33.

AGS has been the subject of several recent research reports. ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 12th.

In related news, insider (Tony) Lethlean Anthony sold 881,252 shares of PlayAGS stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $0.14, for a total value of $123,375.28. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Swiss National Bank lifted its stake in PlayAGS by 3.6% in the second quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $1,021,000 after acquiring an additional 1,800 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in PlayAGS by 8.4% in the second quarter. Hilltop Holdings Inc. now owns 25,750 shares of the company’s stock worth $501,000 after acquiring an additional 2,000 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in PlayAGS in the third quarter worth approximately $27,000. Boston Partners purchased a new position in PlayAGS in the third quarter worth approximately $63,000. Finally, Bank of New York Mellon Corp lifted its stake in PlayAGS by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 90,989 shares of the company’s stock worth $1,770,000 after acquiring an additional 6,253 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Shares of NYSE AGS traded down $0.06 during midday trading on Tuesday, hitting $11.10. The company’s stock had a trading volume of 131,700 shares, compared to its average volume of 158,489. The business’s fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $12.83. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.92 and a quick ratio of 1.41. PlayAGS has a 1 year low of $6.05 and a 1 year high of $27.85. The firm has a market capitalization of $392.34 million, a price-to-earnings ratio of -74.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19.

PlayAGS (NYSE:AGS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.19). PlayAGS had a negative net margin of 7.87% and a negative return on equity of 8.15%. The business had revenue of $79.38 million during the quarter, compared to analysts’ expectations of $78.36 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that PlayAGS will post -0.17 EPS for the current fiscal year.

About PlayAGS

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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Analyst Recommendations for PlayAGS (NYSE:AGS)

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