Light & Wonder, Inc. (NASDAQ:LNW) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Light & Wonder, Inc. has received a consensus rating of "Moderate Buy" from 14 brokerages, with one sell rating, three hold ratings, eight buy ratings, and two strong buy ratings.
• The average 12-month price target for Light & Wonder's stock is $108.36, reflecting mixed analyst opinions on its potential.
• In its most recent quarter, Light & Wonder reported earnings of $0.94 per share, missing estimates, alongside a revenue of $774 million, which also fell short of expectations.

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $108.36.

A number of brokerages recently weighed in on LNW. Mizuho increased their price target on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a research note on Thursday, May 8th. Jefferies Financial Group set a $116.00 price target on Light & Wonder in a report on Wednesday, June 25th. Stifel Nicolaus boosted their price target on Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Macquarie increased their price objective on Light & Wonder from $120.00 to $122.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded Light & Wonder from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th.

Light & Wonder Trading Up 0.3%

NASDAQ:LNW opened at $97.80 on Friday. Light & Wonder has a 1 year low of $75.46 and a 1 year high of $115.00. The stock has a market cap of $8.25 billion, a P/E ratio of 26.08, a P/E/G ratio of 0.58 and a beta of 1.23. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.35 and a current ratio of 1.57. The stock has a 50-day simple moving average of $91.62 and a 200-day simple moving average of $91.73.

Light & Wonder (NASDAQ:LNW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.23). The company had revenue of $774.00 million for the quarter, compared to analysts' expectations of $802.93 million. Light & Wonder had a return on equity of 68.41% and a net margin of 10.45%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, analysts anticipate that Light & Wonder will post 4.3 earnings per share for the current fiscal year.

Institutional Trading of Light & Wonder

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Light & Wonder by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company's stock valued at $387,000 after acquiring an additional 108 shares during the last quarter. Centaurus Financial Inc. grew its holdings in Light & Wonder by 3.3% in the fourth quarter. Centaurus Financial Inc. now owns 3,350 shares of the company's stock valued at $289,000 after purchasing an additional 108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Light & Wonder by 0.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,018 shares of the company's stock worth $1,907,000 after purchasing an additional 133 shares during the last quarter. Simon Quick Advisors LLC raised its stake in Light & Wonder by 2.9% during the first quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company's stock worth $412,000 after purchasing an additional 136 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Light & Wonder by 3.8% in the 1st quarter. KBC Group NV now owns 3,746 shares of the company's stock valued at $324,000 after purchasing an additional 137 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.

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