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

Light & Wonder (NASDAQ:LNW) had its price target increased by analysts at Macquarie from $122.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 12.97% from the stock’s previous close.

A number of other research analysts have also issued reports on LNW. Benchmark restated a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday, February 19th. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group upped their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Stifel Nicolaus upped their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.50.

Light & Wonder Price Performance

Light & Wonder stock opened at $110.65 on Wednesday. The firm has a market capitalization of $9.77 billion, a PE ratio of 34.36, a P/E/G ratio of 0.35 and a beta of 1.72. 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 firm’s 50-day simple moving average is $91.03 and its 200 day simple moving average is $96.18. 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 institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Light & Wonder during the 4th quarter worth approximately $91,683,000. Park West Asset Management LLC acquired a new stake in Light & Wonder during the 4th quarter worth approximately $46,241,000. FMR LLC increased its position in Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock worth $131,745,000 after purchasing an additional 324,088 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Light & Wonder during the 3rd quarter worth approximately $25,277,000. Finally, Bank of Nova Scotia acquired a new stake in Light & Wonder during the 4th quarter worth approximately $16,020,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

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.