Light & Wonder (NASDAQ:LNW) Price Target Raised to $122.00 at Macquarie

Light & Wonder (NASDAQ:LNW) had its price objective increased by Macquarie from $120.00 to $122.00 in a report published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus boosted their price objective on Light & Wonder from $98.00 to $106.00 and gave the stock a hold rating in a research note on Tuesday, July 23rd. Mizuho reduced their price objective on Light & Wonder from $83.00 to $79.00 and set an underperform rating on the stock in a research note on Thursday, May 9th. JPMorgan Chase & Co. upped their price target on Light & Wonder from $107.00 to $111.00 and gave the company an overweight rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on Light & Wonder from $76.00 to $81.00 and gave the company a hold rating in a research note on Thursday. Finally, Benchmark reaffirmed a buy rating and set a $114.00 price target on shares of Light & Wonder in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Light & Wonder currently has a consensus rating of Hold and a consensus price target of $99.75.

Light & Wonder Price Performance

LNW stock traded down $0.58 during trading on Thursday, hitting $101.73. The company had a trading volume of 430,902 shares, compared to its average volume of 719,529. The company has a fifty day moving average price of $101.79 and a two-hundred day moving average price of $96.61. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 4.61. The company has a market cap of $9.17 billion, a P/E ratio of 42.21, a P/E/G ratio of 0.42 and a beta of 1.79. Light & Wonder has a fifty-two week low of $67.71 and a fifty-two week high of $109.30.

Light & Wonder (NASDAQ:LNW) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.23. The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $732.01 million. Light & Wonder had a return on equity of 32.27% and a net margin of 7.43%. Equities research analysts expect that Light & Wonder will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Light & Wonder

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Light & Wonder by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock worth $84,215,000 after acquiring an additional 12,317 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Light & Wonder in the second quarter worth about $15,539,000. American Century Companies Inc. increased its holdings in shares of Light & Wonder by 29.7% in the second quarter. American Century Companies Inc. now owns 12,177 shares of the company’s stock worth $1,277,000 after acquiring an additional 2,785 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Light & Wonder by 5.1% in the second quarter. Texas Permanent School Fund Corp now owns 82,840 shares of the company’s stock worth $8,688,000 after acquiring an additional 4,032 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Light & Wonder by 398.5% in the second quarter. Los Angeles Capital Management LLC now owns 93,679 shares of the company’s stock worth $9,825,000 after acquiring an additional 74,886 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

About Light & Wonder

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.