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

Light & Wonder (NASDAQ:LNW) had its price target upped by Macquarie from $117.00 to $122.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently commented on LNW. Jefferies Financial Group boosted their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday. Truist Financial cut their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Benchmark restated a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Stock Up 4.3 %

Light & Wonder stock opened at $105.99 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 1-year low of $84.00 and a 1-year high of $115.00. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 0.33 and a beta of 1.72. The firm has a 50 day simple moving average of $89.24 and a 200 day simple moving average of $95.97.

Institutional Trading of Light & Wonder

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in Light & Wonder during the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder in the third quarter worth about $29,000. R Squared Ltd bought a new position in shares of Light & Wonder during the fourth quarter valued at approximately $35,000. Quarry LP purchased a new stake in shares of Light & Wonder in the third quarter worth approximately $51,000. Finally, Blue Trust Inc. lifted its stake in shares of Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after acquiring an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

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.