Light & Wonder (NASDAQ:LNW) Given New $80.00 Price Target at Mizuho

Light & Wonder (NASDAQ:LNW - Get Free Report) had its price target raised by equities research analysts at Mizuho from $76.00 to $80.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "underperform" rating on the stock. Mizuho's target price indicates a potential downside of 28.24% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Macquarie boosted their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday. Benchmark reissued a "buy" rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group boosted their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $110.83.

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Light & Wonder Price Performance

Shares of NASDAQ LNW traded up $0.83 during trading on Wednesday, reaching $111.48. The company had a trading volume of 1,024,249 shares, compared to its average volume of 742,560. Light & Wonder has a 52 week low of $84.00 and a 52 week high of $115.00. The stock has a market cap of $9.84 billion, a PE ratio of 34.62, a PEG ratio of 0.35 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The business's 50 day moving average price is $91.55 and its 200-day moving average price is $96.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Light & Wonder in the fourth quarter valued at approximately $91,683,000. Park West Asset Management LLC acquired a new position in Light & Wonder during the fourth quarter worth $46,241,000. FMR LLC boosted its holdings in Light & Wonder by 28.7% during the third quarter. FMR LLC now owns 1,452,052 shares of the company's stock worth $131,745,000 after purchasing an additional 324,088 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Light & Wonder during the third quarter worth $25,277,000. Finally, Bank of Nova Scotia acquired a new position in Light & Wonder during the fourth quarter worth $16,020,000. Institutional investors and hedge funds own 88.08% of the company's stock.

Light & Wonder Company Profile

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.