Shares of Light & Wonder, Inc. (NASDAQ:LNW – Get Rating) traded up 0.1% on Tuesday . The stock traded as high as $60.11 and last traded at $59.32. 419,531 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 740,536 shares. The stock had previously closed at $59.29.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Susquehanna increased their price target on Light & Wonder from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, November 15th. Susquehanna Bancshares raised their target price on Light & Wonder from $55.00 to $61.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft raised their target price on Light & Wonder from $48.00 to $52.00 in a research note on Friday, November 11th. Macquarie started coverage on Light & Wonder in a research note on Friday, November 11th. They set an "outperform" rating and a $65.00 target price for the company. Finally, Credit Suisse Group raised their target price on Light & Wonder from $47.00 to $48.00 and gave the stock an "underperform" rating in a research note on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Light & Wonder has an average rating of "Hold" and an average price target of $62.38.
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Light & Wonder Trading Up 0.1 %
The firm has a fifty day simple moving average of $59.83 and a 200-day simple moving average of $52.71. The firm has a market cap of $5.56 billion, a P/E ratio of 1.51 and a beta of 1.74. The company has a debt-to-equity ratio of 3.14, a current ratio of 2.55 and a quick ratio of 2.38.
Light & Wonder (NASDAQ:LNW – Get Rating) last posted its earnings results on Wednesday, November 9th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). Light & Wonder had a net
margin of 155.19% and a negative return on equity of 5.63%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $629.73 million. On average, equities research analysts expect that Light & Wonder, Inc. will post -1.83 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new stake in Light & Wonder during the third quarter worth $4,830,000. CIBC Asset Management Inc bought a new stake in Light & Wonder during the third quarter worth $289,000. Iridian Asset Management LLC CT bought a new stake in Light & Wonder during the third quarter worth $9,600,000. Simon Quick Advisors LLC bought a new stake in Light & Wonder during the third quarter worth $331,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Light & Wonder in the third quarter worth $307,000. Institutional investors own 96.42% of the company's stock.
Light & Wonder Company Profile
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Light & Wonder, Inc develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.
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