In a report released today, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Light & Wonder (LNW – Research Report), with a price target of $53.00. The company’s shares closed last Tuesday at $52.66, close to its 52-week low of $45.32.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 19.8% and a 55.6% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.
The word on The Street in general, suggests a Hold analyst consensus rating for Light & Wonder with a $68.60 average price target.
Light & Wonder’s market cap is currently $5.04B and has a P/E ratio of 12.93.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The Lottery segment comprises of system-based services and product sales business, and instant games business. The SciPlay segment developes and publishes digital games on mobile and web platforms. The Digital Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.
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