Playags (NYSE:AGS) had its price target upped by equities research analysts at Deutsche Bank to $34.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 19.76% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Playags from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Zacks Investment Research cut shares of Playags from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Finally, Bank of America boosted their target price on shares of Playags from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $27.00.

Shares of Playags opened at $28.39 on Wednesday, according to MarketBeat Ratings. The company has a quick ratio of 2.08, a current ratio of 2.91 and a debt-to-equity ratio of 3.37. Playags has a 12 month low of $16.66 and a 12 month high of $29.25. The company has a market cap of $982.90 million and a price-to-earnings ratio of -14.63.

Playags (NYSE:AGS) last posted its earnings results on Thursday, May 3rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.02. The firm had revenue of $64.86 million during the quarter, compared to analyst estimates of $60.83 million. equities research analysts forecast that Playags will post -0.26 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd acquired a new position in shares of Playags in the 1st quarter valued at $37,447,000. Park West Asset Management LLC acquired a new position in shares of Playags in the 1st quarter valued at $18,514,000. BlackRock Inc. acquired a new position in shares of Playags in the 1st quarter valued at $13,988,000. Principal Financial Group Inc. acquired a new position in shares of Playags in the 1st quarter valued at $12,030,000. Finally, RWC Asset Management LLP acquired a new position in shares of Playags in the 1st quarter valued at $7,052,000.

Playags Company Profile

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

Further Reading: Earnings Per Share

Analyst Recommendations for Playags (NYSE:AGS)

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