Stars Group Inc (TSG) Receives Consensus Recommendation of “Hold” from Analysts

Stars Group Inc (NASDAQ:TSG) has been given an average rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.32.

A number of analysts have weighed in on TSG shares. Desjardins upgraded Stars Group from a “hold” rating to a “buy” rating and set a $17.69 target price for the company in a report on Thursday, March 28th. Echelon Wealth Partners restated a “buy” rating on shares of Stars Group in a report on Wednesday, March 6th. Canaccord Genuity restated a “buy” rating on shares of Stars Group in a report on Friday, January 11th. Zacks Investment Research upgraded Stars Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, Barclays restated a “hold” rating and set a $20.60 target price on shares of Stars Group in a report on Tuesday, January 15th.

Several hedge funds have recently modified their holdings of TSG. Blackstone Group L.P. acquired a new position in shares of Stars Group during the third quarter worth $607,739,000. Odey Asset Management Group Ltd increased its position in shares of Stars Group by 182.6% during the fourth quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock worth $78,044,000 after purchasing an additional 3,052,237 shares in the last quarter. Norges Bank acquired a new position in shares of Stars Group during the fourth quarter worth $30,402,000. FMR LLC increased its position in shares of Stars Group by 167.9% during the third quarter. FMR LLC now owns 2,874,631 shares of the company’s stock worth $71,578,000 after purchasing an additional 1,801,596 shares in the last quarter. Finally, Moab Capital Partners LLC acquired a new position in shares of Stars Group during the fourth quarter worth $11,655,000. 61.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TSG traded up $0.08 during trading hours on Thursday, reaching $18.77. The stock had a trading volume of 99,139 shares, compared to its average volume of 2,329,367. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 8.58 and a beta of 1.59. Stars Group has a 52-week low of $15.10 and a 52-week high of $38.95.

Stars Group (NASDAQ:TSG) last announced 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 firm had revenue of $652.80 million during the quarter, compared to analyst estimates of $658.37 million. Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. Stars Group’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 earnings per share. Analysts forecast that Stars Group will post 2.02 earnings per share for the current year.

Stars Group Company Profile

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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