SciPlay (NASDAQ:SCPL) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reaffirmed their hold rating on shares of SciPlay (NASDAQ:SCPL) in a research report report published on Sunday, AnalystRatings.com reports. They currently have a $16.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. SunTrust Banks raised shares of SciPlay from a hold rating to a buy rating and upped their price objective for the stock from $9.50 to $11.00 in a research report on Friday, April 17th. Zacks Investment Research raised shares of SciPlay from a strong sell rating to a hold rating in a research report on Thursday, July 23rd. ValuEngine downgraded shares of SciPlay from a hold rating to a sell rating in a research report on Thursday, July 2nd. Morgan Stanley upped their price objective on shares of SciPlay from $12.00 to $13.00 and gave the stock an equal weight rating in a research report on Friday, July 24th. Finally, Bank of America raised shares of SciPlay from an underperform rating to a neutral rating and upped their price objective for the stock from $9.00 to $11.30 in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $14.18.

NASDAQ:SCPL opened at $14.23 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.13 and a quick ratio of 6.13. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $11.72. The company has a market cap of $1.81 billion, a PE ratio of 19.23, a PEG ratio of 1.15 and a beta of 0.68. SciPlay has a one year low of $5.82 and a one year high of $16.23.

SciPlay (NASDAQ:SCPL) last posted its earnings results on Thursday, July 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $165.60 million during the quarter, compared to the consensus estimate of $135.07 million. SciPlay had a net margin of 3.39% and a return on equity of 7.10%. On average, equities research analysts expect that SciPlay will post 0.88 earnings per share for the current fiscal year.

In other SciPlay news, major shareholder Park West Asset Management Llc sold 115,600 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $14.09, for a total value of $1,628,804.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 1,101,450 shares of company stock worth $15,345,765. Corporate insiders own 0.16% of the company’s stock.

Several hedge funds have recently made changes to their positions in SCPL. Janus Henderson Group PLC lifted its stake in shares of SciPlay by 33.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,523,811 shares of the company’s stock valued at $18,728,000 after buying an additional 379,183 shares in the last quarter. Portolan Capital Management LLC lifted its stake in shares of SciPlay by 345.1% during the 1st quarter. Portolan Capital Management LLC now owns 394,278 shares of the company’s stock valued at $3,755,000 after buying an additional 305,700 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SciPlay by 20.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 679,887 shares of the company’s stock valued at $6,476,000 after buying an additional 115,313 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SciPlay by 632.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 114,384 shares of the company’s stock valued at $1,406,000 after buying an additional 98,767 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of SciPlay by 414.5% during the 4th quarter. Bank of New York Mellon Corp now owns 73,903 shares of the company’s stock valued at $909,000 after buying an additional 59,540 shares in the last quarter. Institutional investors own 15.90% of the company’s stock.

About SciPlay

SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

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Analyst Recommendations for SciPlay (NASDAQ:SCPL)

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