Light & Wonder, Inc. (NASDAQ:LNW) Receives Consensus Recommendation of “Hold” from Brokerages

Light & Wonder, Inc. (NASDAQ:LNW) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $106.36.

LNW has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Light & Wonder from $98.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Maxim Group started coverage on shares of Light & Wonder in a research note on Monday, August 26th. They set a “buy” rating and a $144.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Finally, Mizuho cut their target price on Light & Wonder from $83.00 to $79.00 and set an “underperform” rating on the stock in a research report on Thursday, May 9th.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $108.70 on Wednesday. The company has a debt-to-equity ratio of 4.90, a current ratio of 1.85 and a quick ratio of 1.58. The company has a market cap of $9.64 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.77. The company has a 50-day simple moving average of $104.80 and a 200-day simple moving average of $99.45. Light & Wonder has a 12 month low of $67.71 and a 12 month high of $111.00.

Light & Wonder (NASDAQ:LNW) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.14). Light & Wonder had a net margin of 9.92% and a return on equity of 40.51%. The business had revenue of $818.00 million during the quarter, compared to analyst estimates of $798.09 million. During the same quarter last year, the firm posted $1.02 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Light & Wonder will post 4.44 earnings per share for the current year.

Institutional Trading of Light & Wonder

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Light & Wonder during the fourth quarter valued at about $124,523,000. Burgundy Asset Management Ltd. boosted its holdings in Light & Wonder by 1.2% in the first quarter. Burgundy Asset Management Ltd. now owns 1,315,572 shares of the company’s stock valued at $134,307,000 after purchasing an additional 15,902 shares during the last quarter. Ninety One UK Ltd grew its stake in Light & Wonder by 128.0% during the 2nd quarter. Ninety One UK Ltd now owns 910,298 shares of the company’s stock valued at $95,472,000 after purchasing an additional 511,081 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Light & Wonder by 95.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 896,372 shares of the company’s stock worth $73,601,000 after purchasing an additional 438,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Light & Wonder by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock valued at $84,215,000 after purchasing an additional 12,317 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Company Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.