PlayAGS Inc (NYSE:AGS) Given Consensus Recommendation of “Buy” by Brokerages


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Shares of PlayAGS Inc (NYSE:AGS) have earned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.86.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded PlayAGS from a “sell” rating to a “hold” rating in a research report on Tuesday, March 9th. Macquarie lifted their price target on shares of PlayAGS from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PlayAGS from $6.00 to $10.00 and gave the company a “hold” rating in a report on Friday, March 5th. Roth Capital increased their price objective on shares of PlayAGS from $8.50 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $4.00 price objective on shares of PlayAGS in a research note on Wednesday, January 27th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of PlayAGS by 294.5% during the 4th quarter. Citigroup Inc. now owns 5,046 shares of the company’s stock valued at $36,000 after purchasing an additional 3,767 shares in the last quarter. Ellevest Inc. boosted its stake in PlayAGS by 3,714.0% during the fourth quarter. Ellevest Inc. now owns 8,734 shares of the company’s stock worth $63,000 after acquiring an additional 8,505 shares in the last quarter. Jane Street Group LLC boosted its stake in PlayAGS by 24.2% during the fourth quarter. Jane Street Group LLC now owns 15,332 shares of the company’s stock worth $110,000 after acquiring an additional 2,985 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in PlayAGS during the fourth quarter worth about $134,000. Finally, Trexquant Investment LP bought a new stake in PlayAGS during the fourth quarter worth about $155,000. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AGS stock traded down $0.29 during mid-day trading on Thursday, reaching $8.71. The stock had a trading volume of 12,914 shares, compared to its average volume of 330,614. The company has a market cap of $317.37 million, a P/E ratio of -4.54 and a beta of 3.48. PlayAGS has a 12-month low of $2.50 and a 12-month high of $10.39. The company has a current ratio of 4.83, a quick ratio of 4.06 and a debt-to-equity ratio of 9.91. The business has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $6.36.

PlayAGS (NYSE:AGS) last issued its quarterly earnings results on Thursday, March 4th. The company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.09). The firm had revenue of $46.62 million during the quarter, compared to the consensus estimate of $48.48 million. PlayAGS had a negative net margin of 33.66% and a negative return on equity of 67.28%. Research analysts anticipate that PlayAGS will post -2.23 EPS for the current year.

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.

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Analyst Recommendations for PlayAGS (NYSE:AGS)

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