Scientific Games gets upgrade, Street-high target after structural changes [Seeking Alpha]
Scientific Games Corp (SGMS)
Last scientific games corp earnings: 2/18 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
scientificgames.com/investors
Company Research
Source: Seeking Alpha
Scientific Games gets upgrade, Street-high target after structural changesSep. 21, 2020 3:35 PM ET|Scientific Games Corporation (SGMS)Brandy BetzLast week, a group of institutional investors that included Caledonia bought a 34.9% stake in Scientific Games(NASDAQ:Jefferies is now upgrading Scientific Games from Hold to Buy, saying the ownership and leadership changes could drive "value creation not seen in 20 years."Analyst David Katz thinks SGMS could pursue deconsolidation by separating the tech business from traditional gaming, selling the SciPlay stake, or using SciPlay to raise capital, which could all imply a 20-25% upside to his price target.Katz lifts his base case from $20 to a Street-high price target of $50. The upside case is $75, and the downside case is $16.SGMS shares areup 2.1%Previously:Institutional investors, including Caledonia, to acquire 34.9% in Scientific Games at $28/shareClick to subscribe to real-time analytics on SGMSNow read:Insider Weekends: Tamara Gustav
Show less
Read more
Impact Snapshot
Event Time:
SGMS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SGMS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SGMS alerts
High impacting Scientific Games Corp news events
Weekly update
A roundup of the hottest topics