Playags (NYSE:AGS) had its target price boosted by Stifel Nicolaus from $34.00 to $35.00 in a research report report published on Monday morning. Stifel Nicolaus currently has a buy rating on the stock.

AGS has been the topic of a number of other research reports. SunTrust Banks reaffirmed a buy rating and issued a $35.00 price target on shares of Playags in a report on Sunday, August 12th. Zacks Investment Research cut shares of Playags from a buy rating to a hold rating in a report on Wednesday, August 8th. ValuEngine cut shares of Playags from a buy rating to a hold rating in a report on Tuesday, August 14th. Jefferies Financial Group raised shares of Playags from a hold rating to a buy rating and set a $21.00 price target on the stock in a report on Friday, August 10th. Finally, Credit Suisse Group began coverage on shares of Playags in a report on Tuesday, August 14th. They issued an outperform rating and a $35.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $32.00.

Playags stock opened at $30.55 on Monday. Playags has a 52 week low of $16.66 and a 52 week high of $32.80. The company has a current ratio of 2.74, a quick ratio of 2.01 and a debt-to-equity ratio of 3.55. The company has a market cap of $1.06 billion and a price-to-earnings ratio of -15.75.

Playags (NYSE:AGS) last posted its earnings results on Thursday, August 2nd. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.14). Playags had a negative return on equity of 40.01% and a negative net margin of 10.91%. The firm had revenue of $72.82 million for the quarter, compared to the consensus estimate of $64.67 million. During the same period in the prior year, the business earned ($0.87) EPS. Playags’s quarterly revenue was up 45.4% compared to the same quarter last year. sell-side analysts expect that Playags will post -0.44 earnings per share for the current fiscal year.

In related news, major shareholder Ap Gaming Voteco, Llc sold 6,325,000 shares of Playags stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $28.01, for a total value of $177,163,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Playags by 135.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 540,026 shares of the company’s stock valued at $14,568,000 after buying an additional 311,054 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Playags in the 2nd quarter valued at approximately $12,247,000. Millennium Management LLC purchased a new position in Playags in the 1st quarter valued at approximately $371,000. Spark Investment Management LLC purchased a new position in Playags in the 1st quarter valued at approximately $351,000. Finally, Principal Financial Group Inc. purchased a new position in Playags in the 1st quarter valued at approximately $12,030,000.

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.

Recommended Story: How are Outstanding Shares Different from Authorized Shares?

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.