Light & Wonder (NASDAQ:LNW) Given New $80.00 Price Target at Mizuho

Light & Wonder (NASDAQ:LNW) had its target price raised by equities research analysts at Mizuho from $76.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Mizuho’s price objective suggests a potential downside of 27.70% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Benchmark reissued a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a research note on Wednesday, February 19th. Stifel Nicolaus lifted their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Macquarie lifted their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Light & Wonder presently has an average rating of “Moderate Buy” and an average price target of $109.50.

Light & Wonder Stock Up 1.9 %

Light & Wonder stock opened at $110.65 on Wednesday. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 0.35 and a beta of 1.72. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The firm has a 50 day moving average price of $91.03 and a two-hundred day moving average price of $96.18.

Hedge Funds Weigh In On Light & Wonder

Institutional investors have recently modified their holdings of the company. True Wealth Design LLC bought a new stake in Light & Wonder during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in shares of Light & Wonder during the third quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Light & Wonder during the fourth quarter worth about $35,000. Quarry LP bought a new stake in shares of Light & Wonder during the third quarter worth about $51,000. Finally, Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 474 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

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.