JPMorgan Chase & Co. Increases Light & Wonder (NASDAQ:LNW) Price Target to $110.00

Light & Wonder (NASDAQ:LNW) had its price target upped by JPMorgan Chase & Co. from $103.00 to $110.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on LNW. Benchmark reiterated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Macquarie upped their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group increased their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Light & Wonder Trading Up 0.8 %

NASDAQ LNW opened at $111.48 on Wednesday. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The stock has a 50-day simple moving average of $91.55 and a 200 day simple moving average of $96.26. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $9.84 billion, a PE ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72.

Institutional Investors Weigh In On Light & Wonder

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC boosted its position in Light & Wonder by 118.5% during the third quarter. Algert Global LLC now owns 61,606 shares of the company’s stock valued at $5,590,000 after purchasing an additional 33,410 shares during the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Light & Wonder in the 3rd quarter valued at approximately $774,000. GSA Capital Partners LLP bought a new position in shares of Light & Wonder in the third quarter valued at $725,000. State Street Corp increased its holdings in Light & Wonder by 2.2% during the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after buying an additional 56,890 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Light & Wonder by 108.6% during the third quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock worth $1,128,000 after buying an additional 6,472 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

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.