Accel Entertainment, Inc. (NYSE:ACEL) Stock Has Consensus Price Target of $14.80

Accel Entertainment, Inc. (NYSE:ACEL) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.80.

A number of equities analysts have weighed in on ACEL shares. Wall Street Zen raised shares of Accel Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Truist Financial set a $14.00 price objective on Accel Entertainment in a research note on Wednesday, August 19th. National Bank Financial set a $15.00 target price on Accel Entertainment in a research note on Wednesday, August 5th. Citizens Jmp upped their target price on shares of Accel Entertainment from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company started coverage on Accel Entertainment in a research note on Friday, August 21st. They set an “equal weight” rating and a $14.00 target price on the stock.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 13,162 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $11.60, for a total transaction of $152,679.20. Following the completion of the sale, the insider directly owned 157,767 shares in the company, valued at approximately $1,830,097.20. The trade was a 7.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 40,036 shares of company stock valued at $465,180 in the last 90 days. Company insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

Several large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Accel Entertainment by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,082,891 shares of the company’s stock worth $11,814,000 after acquiring an additional 421,047 shares during the period. Globeflex Capital L P purchased a new position in shares of Accel Entertainment during the second quarter valued at about $3,894,000. Bank of New York Mellon Corp purchased a new stake in Accel Entertainment during the second quarter valued at $2,643,000. Y Intercept Hong Kong Ltd increased its stake in Accel Entertainment by 249.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 139,441 shares of the company’s stock worth $1,521,000 after acquiring an additional 99,521 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Accel Entertainment by 43.0% in the 1st quarter. First Trust Advisors LP now owns 203,057 shares of the company’s stock valued at $2,215,000 after purchasing an additional 61,098 shares during the last quarter. 55.39% of the stock is currently owned by institutional investors.

Accel Entertainment Stock Performance

NYSE:ACEL opened at $10.92 on Thursday. The firm’s fifty day simple moving average is $11.65 and its 200 day simple moving average is $11.92. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 1.91. The stock has a market cap of $886.35 million, a P/E ratio of 16.29 and a beta of 1.07.

Accel Entertainment (NYSE:ACEL) last released its earnings results on Tuesday, August 4th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Accel Entertainment had a net margin of 4.08% and a return on equity of 22.30%. The firm had revenue of $368.13 million during the quarter, compared to analysts’ expectations of $356.66 million. As a group, research analysts predict that Accel Entertainment will post 0.69 EPS for the current year.

About Accel Entertainment

Accel Entertainment, Inc is a distributed gaming operator that provides gaming and amusement services to licensed, non-casino establishments across the United States. The company installs, operates, and maintains gaming terminals and related equipment in locations such as bars, restaurants, taverns, convenience stores, and other hospitality businesses, generally sharing gaming revenue with its establishment partners.

In addition to gaming terminals, Accel offers products and services that may include amusement devices, redemption equipment, ATMs, and other supporting technology.