Light & Wonder (NASDAQ:LNW) Stock Price Expected to Rise, Macquarie Analyst Says

Light & Wonder (NASDAQ:LNW) had its price objective lifted by Macquarie from $117.00 to $122.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other research firms have also weighed in on LNW. Benchmark reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a research note on Wednesday. Truist Financial dropped their price objective 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. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus lifted their price target on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Light & Wonder currently has a consensus rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Trading Up 4.3 %

LNW opened at $105.99 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The stock’s fifty day moving average is $89.24 and its two-hundred day moving average is $95.97. The company has a market capitalization of $9.36 billion, a P/E ratio of 32.92, a PEG ratio of 0.33 and a beta of 1.72. Light & Wonder has a 52 week low of $84.00 and a 52 week high of $115.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new position in shares of Light & Wonder in the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder during the third quarter valued at $29,000. R Squared Ltd purchased a new stake in shares of Light & Wonder during the 4th quarter worth about $35,000. Quarry LP purchased a new position in shares of Light & Wonder in the 3rd quarter valued at about $51,000. Finally, Blue Trust Inc. raised its holdings in Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after purchasing an additional 474 shares during the period. Institutional investors and hedge funds 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.