PlayAGS Inc (NYSE:AGS) has received an average recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $33.50.
Several analysts recently issued reports on the company. Zacks Investment Research raised PlayAGS from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, January 11th. Deutsche Bank reaffirmed a “buy” rating and issued a $32.00 price target on shares of PlayAGS in a report on Wednesday, March 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of PlayAGS in a report on Wednesday, February 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 price target on shares of PlayAGS in a report on Wednesday, March 20th. Finally, Roth Capital assumed coverage on shares of PlayAGS in a report on Monday. They issued a “buy” rating and a $35.00 price target for the company.
AGS stock traded up $0.06 during mid-day trading on Friday, reaching $24.90. The company had a trading volume of 1,542 shares, compared to its average volume of 460,726. The company has a quick ratio of 2.60, a current ratio of 3.18 and a debt-to-equity ratio of 3.84. PlayAGS has a 52 week low of $18.67 and a 52 week high of $32.80. The company has a market cap of $871.94 million, a price-to-earnings ratio of -165.27, a P/E/G ratio of 3.13 and a beta of 0.64.
In related news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $25.50, for a total transaction of $102,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of PlayAGS by 176.7% during the third quarter. FMR LLC now owns 1,149,110 shares of the company’s stock worth $33,864,000 after purchasing an additional 733,756 shares during the period. BlackRock Inc. boosted its holdings in PlayAGS by 35.6% in the third quarter. BlackRock Inc. now owns 1,508,003 shares of the company’s stock valued at $44,441,000 after acquiring an additional 396,153 shares during the last quarter. Vanguard Group Inc boosted its holdings in PlayAGS by 51.6% in the third quarter. Vanguard Group Inc now owns 1,055,404 shares of the company’s stock valued at $31,103,000 after acquiring an additional 359,451 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PlayAGS by 51.6% in the third quarter. Vanguard Group Inc. now owns 1,055,404 shares of the company’s stock valued at $31,103,000 after acquiring an additional 359,451 shares during the last quarter. Finally, Park West Asset Management LLC boosted its holdings in PlayAGS by 19.4% in the fourth quarter. Park West Asset Management LLC now owns 1,558,399 shares of the company’s stock valued at $35,843,000 after acquiring an additional 252,934 shares during the last quarter.
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.
Read More: Put Option
Receive News & Ratings for PlayAGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PlayAGS and related companies with MarketBeat.com's FREE daily email newsletter.