Playags Inc (NYSE:AGS) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.86.

Several brokerages have recently issued reports on AGS. Stifel Nicolaus raised their target price on shares of Playags from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Telsey Advisory Group began coverage on shares of Playags in a research note on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. ValuEngine lowered shares of Playags from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Credit Suisse Group began coverage on shares of Playags in a research note on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $35.00 target price on shares of Playags in a research note on Sunday, August 12th.

NYSE:AGS traded down $0.68 during mid-day trading on Wednesday, reaching $29.14. 251,132 shares of the company were exchanged, compared to its average volume of 309,440. Playags has a 12 month low of $16.66 and a 12 month high of $32.80. The company has a quick ratio of 2.01, a current ratio of 2.74 and a debt-to-equity ratio of 3.55. The firm has a market cap of $1.05 billion and a P/E ratio of -15.10.

Playags (NYSE:AGS) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 company 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 company earned ($0.87) EPS. The firm’s revenue was up 45.4% compared to the same quarter last year. equities analysts predict that Playags will post -0.44 earnings per share for the current fiscal year.

In other news, major shareholder Ap Gaming Voteco, Llc sold 6,325,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $28.01, for a total value of $177,163,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Playags by 135.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 540,026 shares of the company’s stock worth $14,568,000 after acquiring an additional 311,054 shares during the last quarter. Sei Investments Co. raised its holdings in Playags by 524.9% during the 2nd quarter. Sei Investments Co. now owns 21,065 shares of the company’s stock worth $571,000 after buying an additional 17,694 shares during the period. Hood River Capital Management LLC acquired a new stake in Playags during the 2nd quarter worth approximately $12,247,000. Millennium Management LLC acquired a new stake in Playags during the 1st quarter worth approximately $371,000. Finally, Spark Investment Management LLC acquired a new stake in Playags during the 1st quarter worth approximately $351,000.

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.

See Also: Stop Order Uses For Individual Investors

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.