Morgan Stanley Begins Coverage on Stars Group (TSG)

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Research analysts at Morgan Stanley assumed coverage on shares of Stars Group (NASDAQ:TSG) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $20.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 11.17% from the company’s previous close.

Several other equities research analysts have also recently commented on TSG. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Stars Group in a research report on Wednesday, March 6th. ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Monday, March 25th. Zacks Investment Research cut shares of Stars Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 9th. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $17.69 price target on the stock in a research report on Thursday, March 28th. Finally, BidaskClub cut shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.22.

TSG opened at $17.99 on Wednesday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 8.21 and a beta of 1.60. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.30.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $652.80 million for the quarter, compared to analysts’ expectations of $658.37 million. Stars Group had a negative net margin of 4.99% and a positive return on equity of 16.48%. The firm’s revenue was up 81.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, equities analysts forecast that Stars Group will post 1.98 EPS for the current year.

A number of large investors have recently modified their holdings of TSG. Odey Asset Management Group Ltd lifted its position in Stars Group by 182.6% during the 4th quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock worth $78,044,000 after buying an additional 3,052,237 shares in the last quarter. Norges Bank acquired a new position in shares of Stars Group during the 4th quarter worth about $30,402,000. Moab Capital Partners LLC acquired a new position in shares of Stars Group during the 4th quarter worth about $11,655,000. Hsbc Holdings PLC acquired a new position in shares of Stars Group during the 4th quarter worth about $9,178,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Stars Group during the 4th quarter worth about $7,911,000. 61.36% of the stock is currently owned by hedge funds and other institutional investors.

Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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