Stars Group (NASDAQ:TSG) Upgraded at Desjardins

Desjardins upgraded shares of Stars Group (NASDAQ:TSG) from a hold rating to a buy rating in a research note released on Tuesday morning, The Fly reports. Desjardins also issued estimates for Stars Group’s Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $1.80 EPS and FY2020 earnings at $2.06 EPS.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank initiated coverage on shares of Stars Group in a research report on Monday, July 1st. They set a hold rating on the stock. BidaskClub raised shares of Stars Group from a strong sell rating to a sell rating in a research report on Sunday, August 11th. Zacks Investment Research cut shares of Stars Group from a hold rating to a strong sell rating in a research report on Thursday, May 23rd. ValuEngine raised shares of Stars Group from a strong sell rating to a sell rating in a research report on Thursday, August 8th. Finally, Morgan Stanley initiated coverage on shares of Stars Group in a research report on Wednesday, May 1st. They set an equal weight rating and a $20.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Stars Group has an average rating of Hold and a consensus target price of $22.14.

Shares of TSG opened at $13.45 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $3.73 billion, a P/E ratio of 6.14 and a beta of 1.54. The firm’s fifty day simple moving average is $16.00 and its two-hundred day simple moving average is $17.07. Stars Group has a 12 month low of $12.59 and a 12 month high of $29.67.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.88%. The business’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts predict that Stars Group will post 1.76 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. CIBC Asset Management Inc increased its stake in Stars Group by 0.7% in the 1st quarter. CIBC Asset Management Inc now owns 119,664 shares of the company’s stock valued at $2,092,000 after buying an additional 872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stars Group by 4.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,390 shares of the company’s stock valued at $496,000 after buying an additional 1,133 shares during the last quarter. AMP Capital Investors Ltd increased its stake in Stars Group by 3.7% in the 2nd quarter. AMP Capital Investors Ltd now owns 51,336 shares of the company’s stock valued at $873,000 after buying an additional 1,824 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Stars Group by 12.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,949 shares of the company’s stock worth $546,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Stars Group by 28.8% during the 2nd quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock worth $332,000 after purchasing an additional 4,355 shares during the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.

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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