Stars Group (NASDAQ:TSG) Lifted to “Buy” at Desjardins

Stars Group (NASDAQ:TSG) was upgraded by equities researchers at Desjardins from a “hold” rating to a “buy” rating in a research note issued on Thursday, March 28th, MarketBeat reports. The brokerage currently has a $17.69 price target on the stock. Desjardins’ target price would suggest a potential downside of 8.72% from the stock’s previous close.

TSG has been the topic of a number of other research reports. Barclays reaffirmed a “hold” rating and issued a $20.60 price target on shares of Stars Group in a report on Tuesday, January 15th. Zacks Investment Research raised shares of Stars Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Canaccord Genuity reaffirmed a “buy” rating on shares of Stars Group in a report on Friday, January 11th. BidaskClub cut shares of Stars Group from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Finally, ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.26.

Shares of TSG traded up $0.18 during trading hours on Thursday, hitting $19.38. The stock had a trading volume of 1,351,908 shares, compared to its average volume of 2,349,512. The company has a market cap of $5.29 billion, a PE ratio of 8.85 and a beta of 1.59. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 1.03. Stars Group has a 1-year low of $15.10 and a 1-year high of $38.95.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $652.80 million during the quarter, compared to the consensus estimate of $658.37 million. Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. The company’s quarterly revenue was up 81.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Analysts expect that Stars Group will post 2.02 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Focused Wealth Management Inc purchased a new position in Stars Group in the fourth quarter worth $34,000. NumerixS Investment Technologies Inc purchased a new position in Stars Group in the fourth quarter worth $63,000. Bailard Inc. grew its position in Stars Group by 36.4% in the fourth quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after acquiring an additional 3,705 shares in the last quarter. Citigroup Inc. grew its position in Stars Group by 133.5% in the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock worth $273,000 after acquiring an additional 65,762 shares in the last quarter. Finally, Castle Creek Arbitrage LLC purchased a new position in Stars Group in the fourth quarter worth $297,000. 61.35% of the stock is currently owned by institutional investors and hedge funds.

About Stars Group

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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