Stars Group Inc (NASDAQ:TSG) Receives Consensus Rating of “Hold” from Analysts

Shares of Stars Group Inc (NASDAQ:TSG) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $22.75.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Stars Group in a report on Monday, September 23rd. They issued a “hold” rating and a $18.00 price target for the company. BidaskClub cut Stars Group from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. ValuEngine cut Stars Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Barclays cut Stars Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. assumed coverage on Stars Group in a report on Monday, July 1st. They issued a “neutral” rating for the company.

Shares of NASDAQ TSG traded up $0.33 during trading on Thursday, reaching $15.31. The company had a trading volume of 1,301,395 shares, compared to its average volume of 2,244,880. Stars Group has a twelve month low of $12.59 and a twelve month high of $24.64. The stock has a market capitalization of $4.34 billion, a PE ratio of 6.99 and a beta of 1.53. The stock has a 50-day moving average price of $15.11 and a two-hundred day moving average price of $16.73. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Stars Group had a return on equity of 11.76% and a net margin of 0.39%. The company had revenue of $637.62 million during the quarter, compared to analysts’ expectations of $655.97 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year. On average, sell-side analysts predict that Stars Group will post 1.75 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd increased its stake in Stars Group by 4.9% in the second quarter. Caledonia Private Investments Pty Ltd now owns 54,571,702 shares of the company’s stock valued at $931,539,000 after purchasing an additional 2,567,478 shares during the last quarter. ValueAct Holdings L.P. acquired a new position in Stars Group in the second quarter valued at $232,664,000. Vanguard Group Inc. increased its stake in Stars Group by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,213,654 shares of the company’s stock valued at $71,928,000 after purchasing an additional 139,495 shares during the last quarter. Boston Partners acquired a new position in Stars Group in the second quarter valued at $75,451,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in Stars Group by 36.1% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,294,645 shares of the company’s stock valued at $57,689,000 after purchasing an additional 874,007 shares during the last quarter. Hedge funds and other institutional investors own 65.46% of the company’s stock.

Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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