Canaccord Genuity Remains a Buy on Amaya Inc. J

By Carrie Williams

Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Amaya Inc. J (TSX: AYA) received a Buy rating from Canaccord Genuity’s analyst Kevin Wright, with a C$31 price target.

Wright has an average return of 18.1% when recommending Amaya Inc. J.

According to TipRanks.com, Wright is ranked #1693 out of 4569 analysts.

Amaya Inc. J has an analyst consensus of Moderate Buy, with a price target consensus of C$30.50.

Based on Amaya Inc. J’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$420 million and quarterly net profit of C$86.57 million. In comparison, last year the company earned revenue of C$397 million and had a net profit of C$76.44 million.

Amaya, Inc. engages in the design, development, manufacture, distribution, and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The company was founded on January 30, 2004 and is headquartered in Pointe-Claire, Canada.

The company’s shares closed last Thursday at $23.70.