Brokerages Set SciPlay Co. (NASDAQ:SCPL) Target Price at $18.00

SciPlay Co. (NASDAQ:SCPLGet Rating) has been given an average rating of “Hold” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.44.

SCPL has been the topic of a number of analyst reports. HC Wainwright reduced their target price on shares of SciPlay to $13.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SciPlay from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 3rd. DA Davidson upgraded shares of SciPlay from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, March 3rd. Macquarie set a $20.00 price objective on shares of SciPlay in a research report on Wednesday, January 26th. Finally, Truist Financial raised shares of SciPlay from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $15.00 in a research note on Thursday, May 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engine Capital Management LP acquired a new position in SciPlay in the fourth quarter worth $24,938,000. TIG Advisors LLC acquired a new stake in shares of SciPlay during the third quarter worth about $36,790,000. Caledonia Private Investments Pty Ltd acquired a new stake in SciPlay in the 4th quarter valued at approximately $21,478,000. Balyasny Asset Management LLC acquired a new stake in SciPlay in the 3rd quarter valued at approximately $21,866,000. Finally, Carlson Capital L P bought a new position in SciPlay in the third quarter valued at approximately $18,621,000. Institutional investors and hedge funds own 18.63% of the company’s stock.

NASDAQ SCPL opened at $13.03 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of 17.37 and a beta of 0.25. SciPlay has a 12-month low of $10.75 and a 12-month high of $22.29. The company has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $13.94.

SciPlay (NASDAQ:SCPLGet Rating) last released its quarterly earnings results on Tuesday, March 1st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.25 by $0.62. SciPlay had a net margin of 3.00% and a return on equity of 7.25%. The company had revenue of $154.40 million for the quarter, compared to analyst estimates of $154.46 million. During the same quarter last year, the business earned $0.18 earnings per share. On average, sell-side analysts forecast that SciPlay will post 0.95 earnings per share for the current year.

SciPlay Company Profile (Get Rating)

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

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