Stars Group (NASDAQ:TSG) Stock Rating Lowered by BidaskClub

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Stars Group (NASDAQ:TSG) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. began coverage on Stars Group in a research report on Monday, July 1st. They issued a “neutral” rating on the stock. Deutsche Bank started coverage on Stars Group in a research report on Monday, July 1st. They issued a “hold” rating on the stock. Susquehanna Bancshares restated a “neutral” rating on shares of Stars Group in a report on Monday, October 7th. ValuEngine upgraded Stars Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group started coverage on Stars Group in a report on Monday, September 23rd. They set a “hold” rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Stars Group currently has a consensus rating of “Hold” and an average price target of $21.62.

NASDAQ:TSG traded down $0.04 during trading hours on Wednesday, reaching $19.85. The company had a trading volume of 517,596 shares, compared to its average volume of 6,482,021. The stock has a 50-day moving average of $17.10 and a two-hundred day moving average of $16.97. Stars Group has a one year low of $12.59 and a one year high of $24.32. The firm has a market capitalization of $5.72 billion, a PE ratio of 9.08 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.17.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Stars Group had a return on equity of 11.76% and a net margin of 0.39%. The firm had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s revenue was up 55.0% compared to the same quarter last year. As a group, sell-side analysts expect that Stars Group will post 1.74 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Stars Group during the second quarter worth $145,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Stars Group during the third quarter worth $179,000. Cerebellum GP LLC bought a new stake in shares of Stars Group during the third quarter worth $271,000. Envestnet Asset Management Inc. bought a new stake in shares of Stars Group during the third quarter worth $288,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Stars Group during the second quarter worth $323,000. Institutional investors own 65.46% of the company’s stock.

About Stars Group

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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