SunTrust Robinson Believes Playags Inc (NYSE: AGS) Still Has Room to Grow

By Carrie Williams

In a report issued on August 10, Patrick Scholes from SunTrust Robinson reiterated a Buy rating on Playags Inc (NYSE: AGS), with a price target of $35. The company’s shares closed on Friday at $30.13, close to its 52-week high of $31.46.

According to TipRanks.com, Scholes is a 5-star analyst with an average return of 14.9% and a 68.0% success rate. Scholes covers the Services sector, focusing on stocks such as Wyndham Destinations Inc, Marriott International, and Royal Caribbean.

Playags Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35, representing a 16.2% upside. In a report issued on August 10, Jefferies also upgraded the stock to Buy with a $36 price target.

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Based on Playags Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.31 million. In comparison, last year the company had a GAAP net loss of $20.11 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.

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PlayAGS, Inc. designs and supplies gaming products. The company operates through three segments: Electronic Gaming Machines, Table Products, and Interactive Social Casino Games. The Electronic Gaming Machines segment includes server-based and back office systems. The Table Products includes live felt table games, side bets and card shuffler.