Light & Wonder (NASDAQ:LNW) Price Target Raised to $122.00

Light & Wonder (NASDAQ:LNW) had its target price increased by Macquarie from $117.00 to $122.00 in a report published on Wednesday,Benzinga reports. Macquarie currently has an outperform rating on the stock.

LNW has been the topic of a number of other research reports. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a research note on Wednesday. Stifel Nicolaus lifted their target price on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial lowered their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Trading Down 2.9 %

Shares of LNW opened at $101.83 on Wednesday. The business’s 50-day moving average price is $89.67 and its 200 day moving average price is $96.07. The stock has a market capitalization of $8.99 billion, a P/E ratio of 31.62, a P/E/G ratio of 0.36 and a beta of 1.72. Light & Wonder has a 1-year low of $84.00 and a 1-year high of $115.00. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.

Institutional Trading of Light & Wonder

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new stake in Light & Wonder in the third quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder in the third quarter valued at $29,000. R Squared Ltd bought a new stake in Light & Wonder in the fourth quarter valued at $35,000. Quarry LP bought a new stake in Light & Wonder in the third quarter valued at $51,000. Finally, Blue Trust Inc. grew its position in Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after acquiring an additional 474 shares during the period. 88.08% of the stock is currently owned by institutional investors.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.