In a report released today, Greg Gibas from Northland Securities initiated coverage with a Buy rating on Accel Entertainment (ACEL – Research Report) and a price target of $15.00. The company’s shares closed yesterday at $11.70.
According to TipRanks, Gibas is a 5-star analyst with an average return of 22.1% and a 46.54% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Accel Entertainment with a $14.00 average price target.
See Insiders’ Hot Stocks on TipRanks >>
ACEL market cap is currently $1B and has a P/E ratio of 18.86.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACEL 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.
Accel Entertainment, Inc. engages in the installation and operation of video gaming terminals in licensed video gaming locations. It also operates redemption terminals. The company was founded on December 8, 2010 and is headquartered in Burr Ridge, IL.
Read More on ACEL:
- Bet On It: Kentucky approves licenses for six Churchill Downs properties
- Bet On It: BetMGM expands to the United Kingdom
- Bet On It: Penn hitches wagon to ESPN for betting pact, drops Barstool
- Bet On It: Betting companies outshine expectations in earnings season
- Accel Entertainment reports Q2 adjusted EPS 24c, consensus 23c
