Light & Wonder (NASDAQ:LNW) Given New $125.00 Price Target at Macquarie

Light & Wonder (NASDAQ:LNW) had its price target raised by Macquarie from $122.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential upside of 23.00% from the stock’s current price.

Several other analysts have also issued reports 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 report on Wednesday, January 15th. Stifel Nicolaus upped their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Benchmark reissued a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a report on Wednesday, February 19th. Finally, Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One 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 company. According to data from MarketBeat.com, Light & Wonder presently has an average rating of “Moderate Buy” and an average price target of $109.50.

Light & Wonder Stock Up 1.0 %

Shares of LNW stock opened at $101.63 on Wednesday. The firm’s fifty day moving average price is $90.10 and its two-hundred day moving average price is $95.99. 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 $8.97 billion, a P/E ratio of 31.56, a PEG ratio of 0.35 and a beta of 1.72.

Hedge Funds Weigh In On Light & Wonder

Several large investors have recently modified their holdings of LNW. True Wealth Design LLC bought a new stake in shares of Light & Wonder during the 3rd quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder during the third quarter worth approximately $29,000. R Squared Ltd bought a new stake in shares of Light & Wonder during the fourth quarter worth approximately $35,000. Quarry LP acquired a new position in shares of Light & Wonder in the third quarter valued at approximately $51,000. Finally, Blue Trust Inc. grew its position in shares of Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is owned by 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.