PlayAGS (AGS) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of PlayAGS (NYSE:AGS) from a hold rating to a buy rating in a research note published on Saturday morning, ValuEngine reports.

A number of other equities research analysts have also issued reports on AGS. 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 report on Friday, January 11th. Jefferies Financial Group reaffirmed a buy rating and set a $35.00 target price on shares of PlayAGS in a research report on Wednesday, February 13th. Deutsche Bank reaffirmed a buy rating and set a $32.00 target price on shares of PlayAGS in a research report on Wednesday, March 6th. Credit Suisse Group reaffirmed an outperform rating and set a $35.00 target price on shares of PlayAGS in a research report on Wednesday, March 20th. Finally, Roth Capital initiated coverage on PlayAGS in a research report on Monday, April 8th. They set a buy rating and a $35.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, PlayAGS presently has a consensus rating of Buy and a consensus price target of $32.89.

AGS opened at $25.48 on Friday. PlayAGS has a one year low of $18.67 and a one year high of $32.80. The company has a debt-to-equity ratio of 3.84, a quick ratio of 2.60 and a current ratio of 3.18. The firm has a market capitalization of $894.22 million, a PE ratio of -169.87, a PEG ratio of 3.21 and a beta of 0.65.

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

In related news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $25.50, for a total transaction of $102,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can purchased a new position in PlayAGS in the fourth quarter valued at about $54,000. JPMorgan Chase & Co. grew its stake in PlayAGS by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 38,812 shares of the company’s stock valued at $1,144,000 after purchasing an additional 11,586 shares in the last quarter. Millennium Management LLC grew its stake in PlayAGS by 147.9% in the fourth quarter. Millennium Management LLC now owns 278,609 shares of the company’s stock valued at $6,408,000 after purchasing an additional 166,234 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in PlayAGS by 111.5% in the third quarter. TIAA CREF Investment Management LLC now owns 74,763 shares of the company’s stock valued at $2,203,000 after purchasing an additional 39,421 shares in the last quarter. Finally, Vanguard Group Inc grew its stake 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 purchasing an additional 359,451 shares in 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.

See Also: What is the Moving Average Convergence Divergence (MACD) oscillator?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PlayAGS (NYSE:AGS)

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.