PlayAGS Inc (NYSE:AGS) Receives Average Rating of “Buy” from Analysts

PlayAGS Inc (NYSE:AGS – Get Rating) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.25.

A number of equities analysts have weighed in on the stock. Roth Capital assumed coverage on shares of PlayAGS in a research report on Wednesday. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Finally, B. Riley lowered their target price on shares of PlayAGS from $21.00 to $18.00 in a report on Friday, March 11th.

A number of institutional investors have recently added to or reduced their stakes in AGS. Counterpoint Mutual Funds LLC raised its stake in shares of PlayAGS by 53.8% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 3,886 shares of the company’s stock valued at $26,000 after acquiring an additional 1,359 shares during the period. Citigroup Inc. raised its stake in shares of PlayAGS by 350.8% in the third quarter. Citigroup Inc. now owns 5,892 shares of the company’s stock valued at $46,000 after acquiring an additional 4,585 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of PlayAGS by 521.1% in the third quarter. BNP Paribas Arbitrage SA now owns 6,192 shares of the company’s stock valued at $49,000 after acquiring an additional 5,195 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of PlayAGS in the fourth quarter valued at $68,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of PlayAGS in the third quarter valued at $85,000. 81.77% of the stock is currently owned by institutional investors.

Shares of AGS remained flat at $$6.09 during mid-day trading on Wednesday. 4,563 shares of the company’s stock were exchanged, compared to its average volume of 267,971. The company has a market cap of $225.14 million, a price-to-earnings ratio of -9.76 and a beta of 3.02. PlayAGS has a fifty-two week low of $5.46 and a fifty-two week high of $11.32. The company has a 50 day moving average of $6.96. The company has a debt-to-equity ratio of 14.42, a current ratio of 3.34 and a quick ratio of 2.84.

PlayAGS (NYSE:AGS – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.14). PlayAGS had a negative return on equity of 50.11% and a negative net margin of 8.69%. During the same quarter in the prior year, the business earned ($0.49) earnings per share. As a group, equities analysts anticipate that PlayAGS will post -0.14 EPS for the current year.

About PlayAGS (Get Rating)

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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