Stifel Nicolaus Forecasts Strong Price Appreciation for Light & Wonder (NASDAQ:LNW) Stock

Light & Wonder (NASDAQ:LNW) had its target price upped by Stifel Nicolaus from $90.00 to $104.00 in a report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group raised their price target 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. Truist Financial dropped their price target 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, Benchmark restated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Price Performance

LNW opened at $105.99 on Wednesday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 0.33 and a beta of 1.72. Light & Wonder has a fifty-two week low of $84.00 and a fifty-two week high of $115.00. The company’s 50-day moving average price is $89.24 and its 200 day moving average price is $95.97. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Light & Wonder in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder during the third quarter worth approximately $29,000. R Squared Ltd bought a new stake in Light & Wonder during the fourth quarter worth approximately $35,000. Quarry LP bought a new stake in Light & Wonder during the third quarter worth approximately $51,000. Finally, Blue Trust Inc. boosted its holdings in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after buying an additional 474 shares in the last quarter. 88.08% of the stock is currently 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.