Telsey Advisory Group Just Issued “Market Perform” Rating on Scientific Games Corp (SGMS)

Scientific Games Corp (SGMS) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $13 . Telsey Advisory Group advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Market Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $13 .Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2017 to “Market Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $13 .Scientific Games Corp was Upgraded by BofA/Merrill to ” Buy” on Jan 26, 2017. Scientific Games Corp was Downgraded by Macquarie to ” Neutral” on Dec 16, 2016.

On the company’s financial health, Scientific Games Corp reported $-1.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.53 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.73. The company had revenue of $752.20 million for the quarter, compared to analysts expectations of $751.30 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Several company insiders have filed Insider transactions , on Dec 7, 2016, David L Kennedy (director) sold 113,470 shares at $14.85 per share price. According to the SEC, on Mar 21, 2016, Peter A Cohen (director) sold 20,900 shares at $9.94 per share price. On Nov 18, 2015, Michael Gavin Isaacs (CEO) purchased 30,000 shares at $7.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Scientific Games Corp opened for trading at $20.45 and hit $21.05 on the upside on Monday, eventually ending the session at $20.85, with a gain of 1.96% or 0.4 points. The heightened volatility saw the trading volume jump to 32,74,065 shares. Company has a market cap of $1,826 M.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming Lottery and Interactive. Gaming segment designs develops manufactures markets and distributes gaming machines VLTs server-based gaming machines casino-management systems hardware and software table game products video lottery central monitoring and control systems. Lottery segment manufactures and sells instant games as well as the provision of services such as game design sales and marketing support specialty games and promotions warehousing as well as instant game category management. Interactive segment offers play-for-fun social games on Facebook GooglePlay for Android devices Apple’s iOS platform Kindle platform and Microsoft Windows 8. Its brands include MONOPOLY GREASE Jackpot Party Progressive AMC-THE WALKING DEAD HARLEY-DAVIDSON and LOTERIA among others.

Scientific Games Corp

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