PlayAGS Inc (AGS) Receives $33.29 Consensus Target Price from Analysts

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.

PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $72.10 million for the quarter, compared to the consensus estimate of $69.89 million. PlayAGS had a negative return on equity of 3.45% and a negative net margin of 7.31%. On average, equities research analysts anticipate that PlayAGS will post 0.66 EPS for the current fiscal year.

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.

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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