Shares of The Stars Group Inc. (NASDAQ:TSG) have been given an average rating of “Buy” by the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.33.
Several research analysts have weighed in on the company. BidaskClub upgraded The Stars Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 11th.
Shares of The Stars Group (TSG) opened at $21.90 on Wednesday. The Stars Group has a 12 month low of $13.24 and a 12 month high of $22.15. The stock has a market capitalization of $3,193.62, a P/E ratio of 9.71 and a beta of 2.05. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.22 and a current ratio of 1.22.
The Stars Group (NASDAQ:TSG) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The Stars Group had a return on equity of 23.77% and a net margin of 20.34%. The business had revenue of $329.44 million for the quarter, compared to analysts’ expectations of $317.24 million. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. research analysts forecast that The Stars Group will post 2.22 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of TSG. Commerzbank Aktiengesellschaft FI bought a new position in shares of The Stars Group during the third quarter worth about $44,272,000. Toronto Dominion Bank raised its position in shares of The Stars Group by 2,953.1% during the second quarter. Toronto Dominion Bank now owns 2,020,300 shares of the company’s stock worth $36,109,000 after acquiring an additional 1,954,128 shares during the last quarter. Numeric Investors LLC raised its position in shares of The Stars Group by 1,752.5% during the second quarter. Numeric Investors LLC now owns 1,000,323 shares of the company’s stock worth $17,854,000 after acquiring an additional 946,323 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of The Stars Group during the third quarter worth about $12,827,000. Finally, JPMorgan Chase & Co. bought a new position in shares of The Stars Group during the second quarter worth about $10,096,000. Institutional investors own 61.66% of the company’s stock.
About The Stars Group
The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.
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