Light & Wonder’s (LNW) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Light & Wonder (NASDAQ:LNW) in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a $114.00 price objective on the stock.

A number of other brokerages also recently issued reports on LNW. Jefferies Financial Group increased their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Truist Financial lowered their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $101.83 on Wednesday. The company’s fifty day moving average price is $89.67 and its 200 day moving average price is $96.07. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The company has a market capitalization of $8.99 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Institutional Investors Weigh In On Light & Wonder

Hedge funds have recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in shares of Light & Wonder in the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder during the third quarter worth about $29,000. R Squared Ltd acquired a new stake in Light & Wonder during the fourth quarter worth about $35,000. Quarry LP acquired a new stake in Light & Wonder during the third quarter worth about $51,000. Finally, Blue Trust Inc. increased its position in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

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.