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

Light & Wonder (NASDAQ:LNW) had its price target hoisted by Mizuho from $76.00 to $80.00 in a research report released on Wednesday,Benzinga reports. Mizuho currently has an underperform rating on the stock.

A number of other equities analysts have also commented on LNW. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Macquarie boosted their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. Benchmark restated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Light & Wonder Price Performance

NASDAQ:LNW opened at $108.62 on Wednesday. The firm has a market cap of $9.59 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The company’s 50-day moving average price is $90.54 and its two-hundred day moving average price is $96.08.

Institutional Investors Weigh In On Light & Wonder

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

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.