Light & Wonder, Inc. (NASDAQ:LNW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Light & Wonder, Inc. (NASDAQ:LNW) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $110.83.

LNW has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Benchmark boosted their target price on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Macquarie raised their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Mizuho lifted their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus increased their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Light & Wonder in the 3rd quarter valued at about $108,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Light & Wonder in the third quarter valued at approximately $420,000. State of Alaska Department of Revenue boosted its stake in shares of Light & Wonder by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock worth $934,000 after acquiring an additional 535 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Light & Wonder by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock worth $7,654,000 after acquiring an additional 719 shares during the period. Finally, Iridian Asset Management LLC CT increased its holdings in shares of Light & Wonder by 12.1% during the 3rd quarter. Iridian Asset Management LLC CT now owns 51,571 shares of the company’s stock worth $4,679,000 after acquiring an additional 5,570 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Light & Wonder Trading Up 0.8 %

LNW opened at $111.48 on Wednesday. The stock has a market capitalization of $9.42 billion, a P/E ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The firm’s fifty day simple moving average is $91.55 and its 200 day simple moving average is $96.17.

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.