Light & Wonder (NASDAQ:LNW) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Light & Wonder (NASDAQ:LNW) from a neutral rating to a buy rating in a research note released on Wednesday, MarketBeat.com reports.

A number of other equities analysts have also recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday. Jefferies Financial Group upped their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Truist Financial lowered their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Stock Performance

Shares of Light & Wonder stock opened at $101.83 on Wednesday. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 0.36 and a beta of 1.72. The firm’s 50-day moving average is $89.67 and its 200 day moving average is $96.07. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

Hedge Funds Weigh In On Light & Wonder

Institutional investors have recently made changes to their positions in the business. True Wealth Design LLC bought a new position in shares of Light & Wonder in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of Light & Wonder in the 3rd quarter worth approximately $29,000. R Squared Ltd bought a new position in shares of Light & Wonder in the 4th quarter worth approximately $35,000. Quarry LP bought a new position in shares of Light & Wonder in the 3rd quarter worth approximately $51,000. Finally, Blue Trust Inc. lifted its stake in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after purchasing an additional 474 shares during the period. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Company Profile

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.