Stifel Nicolaus Increases Light & Wonder (NASDAQ:LNW) Price Target to $106.00

Light & Wonder (NASDAQ:LNW) had its target price hoisted by Stifel Nicolaus from $98.00 to $106.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Susquehanna cut Light & Wonder from a positive rating to a neutral rating and dropped their target price for the stock from $111.00 to $95.00 in a report on Friday, May 10th. Mizuho dropped their target price on Light & Wonder from $83.00 to $79.00 and set an underperform rating for the company in a report on Thursday, May 9th. Finally, Truist Financial increased their target price on Light & Wonder from $115.00 to $120.00 and gave the stock a buy rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Light & Wonder presently has an average rating of Hold and a consensus target price of $95.75.

Light & Wonder Trading Up 1.8 %

Light & Wonder stock opened at $103.89 on Tuesday. The business has a 50 day moving average price of $100.15 and a two-hundred day moving average price of $95.04. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 4.61. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 0.43 and a beta of 1.79. Light & Wonder has a 12 month low of $67.71 and a 12 month high of $108.90.

Light & Wonder (NASDAQ:LNW) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.70 by $0.23. The firm had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $732.01 million. Light & Wonder had a return on equity of 32.27% and a net margin of 7.43%. As a group, equities analysts forecast that Light & Wonder will post 4.23 EPS for the current year.

Institutional Trading of Light & Wonder

A number of institutional investors have recently modified their holdings of LNW. Ashton Thomas Private Wealth LLC raised its holdings in Light & Wonder by 1.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 8,653 shares of the company’s stock worth $883,000 after acquiring an additional 133 shares in the last quarter. GAMMA Investing LLC raised its holdings in Light & Wonder by 59.6% during the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock worth $43,000 after acquiring an additional 152 shares in the last quarter. Federated Hermes Inc. raised its holdings in Light & Wonder by 2.0% during the fourth quarter. Federated Hermes Inc. now owns 10,209 shares of the company’s stock worth $838,000 after acquiring an additional 196 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Light & Wonder by 2.2% during the second quarter. QRG Capital Management Inc. now owns 10,046 shares of the company’s stock worth $1,054,000 after acquiring an additional 218 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Light & Wonder by 5.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,321 shares of the company’s stock worth $441,000 after buying an additional 242 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.