Benchmark Reiterates Buy Rating for Light & Wonder (NASDAQ:LNW)

Light & Wonder (NASDAQ:LNW)‘s stock had its “buy” rating restated by analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $114.00 target price on the stock. Benchmark’s target price points to a potential upside of 8.44% from the stock’s current price.

A number of other equities analysts have also weighed in on LNW. Jefferies Financial Group upped their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Truist Financial lowered their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.83.

Light & Wonder Price Performance

Shares of LNW opened at $105.13 on Wednesday. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The business’s 50 day moving average price is $88.98 and its two-hundred day moving average price is $95.90. The firm has a market cap of $9.28 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 0.33 and a beta of 1.72.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Light & Wonder by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company’s stock worth $733,584,000 after purchasing an additional 100,527 shares during the period. State Street Corp boosted its stake in Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after purchasing an additional 56,890 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Light & Wonder by 2.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock valued at $127,198,000 after acquiring an additional 28,358 shares in the last quarter. FMR LLC raised its holdings in shares of Light & Wonder by 28.7% in the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after acquiring an additional 324,088 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Light & Wonder in the 4th quarter valued at about $91,683,000. 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.