In the last three months, 8 analysts have published ratings on Light & Wonder (NASDAQ:LNW), offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 2 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 1 | 0 |
| 3M Ago | 1 | 3 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $102.88, a high estimate of $115.00, and a low estimate of $79.00. Surpassing the previous average price target of $94.67, the current average has increased by 8.67%.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Light & Wonder by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ben Chaiken | Mizuho | Lowers | Underperform | $79.00 | $83.00 |
| Ben Chaiken | Mizuho | Announces | Underperform | $83.00 | - |
| Jeffrey Stantial | Stifel | Raises | Hold | $103.00 | $97.00 |
| Andrew Tam | Redburn Atlantic | Announces | Neutral | $110.00 | - |
| Chad Beynon | Macquarie | Raises | Outperform | $115.00 | $100.00 |
| Joseph Stauff | Susquehanna | Raises | Positive | $111.00 | $100.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $115.00 | $90.00 |
| Don Carducci | JP Morgan | Raises | Overweight | $107.00 | $98.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Light & Wonder. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Light & Wonder compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Light & Wonder's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Light & Wonder's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Light & Wonder analyst ratings.
Delving into Light & Wonder's Background
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
Light & Wonder's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Light & Wonder displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 13.05%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Light & Wonder's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.69%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Light & Wonder's ROE excels beyond industry benchmarks, reaching 7.77%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Light & Wonder's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.17%, the company showcases efficient use of assets and strong financial health.
Debt Management: Light & Wonder's debt-to-equity ratio stands notably higher than the industry average, reaching 5.14. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.