According to Bloomberg Ratings, the eleven rating agencies currently keeping a close eye on SciPlay Co. (NASDAQ: SCPL) have concluded that the best course of action for investors to take regarding the company’s stock is to maintain their “Hold” position. Investment analysts have provided the stock with four distinct ratings, including one recommendation to sell, two to hold, and two to buy. Most research analysts who have updated their stock coverage within the past year have projected its price to reach $16.25 within the next year. This projection is used to determine the price target for the stock.
During the most recent few months, several different analyst reports have covered SCPL. The shares of SciPlay were given a rating of “b-” by TheStreet in a report released on Tuesday, November 15. This rating indicates that the company has a neutral outlook on the market. Morgan Stanley raised their price target for SciPlay shares to $13.00 in a report published on November 16. The report was issued to announce the firm’s actions. Wedbush disclosed to the public on November 16 that they had increased their target price for SciPlay stock to twenty dollars, as stated in a research report made available to the public on November 16. In a research report made public on Friday, November 11, Craig Hallum increased their price target for SciPlay from $14.00 to $17.00. However, at the same time, they recommended buying the company’s stock rather than holding it, which was the previous recommendation. DA Davidson increased their target price on SciPlay shares to $18.00 in a report released on Wednesday, November 16. DA Davidson’s report was made public. This was the company’s final action, but by no means its the least important one.
When trading started on Thursday, the price of a share of SCPL stock was $16.27. The company’s market capitalization is $2.05 billion, the price-to-earnings ratio is 23.24, and the stock’s beta value is 0.38. Over the previous year, the price of SciPlay ranged from its all-time low of $10.60 to its all-time high of $16.71 at various points. Moving averages for the past 50 days at the company come in at $15.66 while moving averages for the past 200 days come in at $13.71.
On November 9, the most recent financial results for SciPlay (NASDAQ: SCPL) were made public for the first time. The company’s previous quarter’s earnings per share came in at $0.20, which was $0.01 less than the average prediction of $0.21 for that quarter’s earnings per share. The company’s return on equity and net margin totaled 6.51%. Scilly’s net margin was 2.66%. Even though market watchers had forecast that the company would bring in sales amounting to $167.54 million during the quarter, it brought in sales amounting to $170.80 million. This year, SciPlay is expected to generate a profit of $0.99 per share, according to projections made by analysts whose primary focus is conducting market research.
Over the past few months, several hedge funds and other types of institutional investors have made adjustments to the sectors of the economy in which they hold investments. In the first three months of 2018, Engine Capital Management LP saw a 9.6 percent increase in the size of its holdings in Scilly. After making additional purchases totaling 173,468 shares during the most recent quarter, Engine Capital Management LP now holds 1,983,207 of its shares in its portfolio. The total value of the stock holdings that Engine Capital Management LP possesses is $25,623,000. Caledonia Private Investments Pty
