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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Scientific Games Corporation | NASDAQ:SGMS | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 58.07 | 50.00 | 62.98 | 0 | 01:00:00 |
We believe that the visibility regarding its privatization and outsourcing of state lottery management, while a major growth opportunity, remains murky, thereby adding significant uncertainty to the stock. Moreover, increasing investments for product development and strong competition is expected to hurt profitability in the near term.
Overall, this negative scenario compels us to downgrade the stock to an Underperform recommendation. We set a price target of $7.25, which implies a P/E multiple of 80.6X our 2012 earnings, a premium to both industry and S&P 500 average.
SCIENTIFIC GAME (SGMS): Free Stock Analysis Report
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1 Year Scientific Games Chart |
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