Light & Wonder (NASDAQ:LNW) Price Target Raised to $125.00 at Macquarie

Light & Wonder (NASDAQ:LNW) had its target price hoisted by Macquarie from $122.00 to $125.00 in a report issued on Wednesday morning,Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. One equities 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’s stock. According to data from MarketBeat, Light & Wonder presently has an average rating of “Moderate Buy” and an average price target of $109.50.

Light & Wonder Stock Up 6.9 %

Shares of NASDAQ:LNW opened at $108.62 on Wednesday. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The stock has a market cap of $9.59 billion, a P/E ratio of 33.73, a PEG ratio of 0.35 and a beta of 1.72. The business has a fifty day moving average of $90.54 and a two-hundred day moving average of $96.08. 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 Trading of Light & Wonder

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Light & Wonder in the 4th quarter valued at about $91,683,000. Park West Asset Management LLC acquired a new stake in Light & Wonder in the 4th quarter valued at $46,241,000. FMR LLC raised its position in Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Light & Wonder during the 3rd quarter worth approximately $25,277,000. Finally, Bank of Nova Scotia acquired a new position in shares of Light & Wonder during the fourth quarter worth $16,020,000. Hedge funds and other 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.