PlayAGS Inc (AGS) Receives Average Rating of “Buy” from Analysts

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Shares of PlayAGS Inc (NYSE:AGS) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.50.

AGS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of PlayAGS from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Friday, January 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of PlayAGS in a research note on Wednesday, February 13th. Deutsche Bank reaffirmed a “buy” rating and issued a $32.00 price objective on shares of PlayAGS in a research note on Wednesday, March 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of PlayAGS in a research note on Wednesday, March 20th. Finally, ValuEngine lowered shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th.

In other news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $25.50, for a total value of $102,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. LGT Capital Partners LTD. lifted its position in shares of PlayAGS by 64.5% during the 1st quarter. LGT Capital Partners LTD. now owns 62,510 shares of the company’s stock valued at $1,496,000 after acquiring an additional 24,510 shares during the period. Chartwell Investment Partners LLC lifted its position in shares of PlayAGS by 4.2% during the 1st quarter. Chartwell Investment Partners LLC now owns 262,240 shares of the company’s stock valued at $6,275,000 after acquiring an additional 10,636 shares during the period. Deutsche Bank AG lifted its position in shares of PlayAGS by 48.5% during the 4th quarter. Deutsche Bank AG now owns 75,568 shares of the company’s stock valued at $1,737,000 after acquiring an additional 24,673 shares during the period. American Century Companies Inc. lifted its position in shares of PlayAGS by 5.7% during the 4th quarter. American Century Companies Inc. now owns 419,994 shares of the company’s stock valued at $9,660,000 after acquiring an additional 22,706 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of PlayAGS by 17.2% during the 4th quarter. Geode Capital Management LLC now owns 252,187 shares of the company’s stock valued at $5,800,000 after acquiring an additional 36,964 shares during the period.

AGS traded up $0.45 during trading on Friday, reaching $25.29. 256,462 shares of the company’s stock were exchanged, compared to its average volume of 458,094. PlayAGS has a one year low of $18.67 and a one year high of $32.80. The company has a debt-to-equity ratio of 3.84, a current ratio of 3.18 and a quick ratio of 2.60. The firm has a market capitalization of $878.30 million, a price-to-earnings ratio of -168.60, a PEG ratio of 3.16 and a beta of 0.64.

PlayAGS (NYSE:AGS) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). PlayAGS had a negative net margin of 7.31% and a negative return on equity of 3.45%. The firm had revenue of $72.10 million during the quarter, compared to the consensus estimate of $69.89 million. As a group, equities research analysts predict that PlayAGS will post 0.66 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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