Light & Wonder (NASDAQ:LNW) Given New $104.00 Price Target at Stifel Nicolaus

Light & Wonder (NASDAQ:LNW - Get Free Report) had its price objective boosted by investment analysts at Stifel Nicolaus from $90.00 to $104.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 2.13% from the stock's current price.

Several other brokerages also recently commented on LNW. Benchmark restated a "buy" rating and set a $114.00 price objective on shares of Light & Wonder in a research report on Wednesday. Jefferies Financial Group boosted their target price 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. Finally, Truist Financial decreased their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $109.25.

Light & Wonder Price Performance

LNW traded down $3.06 during trading on Wednesday, hitting $101.83. 762,544 shares of the stock traded hands, compared to its average volume of 692,455. Light & Wonder has a twelve month low of $84.00 and a twelve month high of $115.00. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 0.36 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The business has a 50 day moving average price of $89.47 and a 200 day moving average price of $96.04.

Institutional Trading of Light & Wonder

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Light & Wonder by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company's stock worth $733,584,000 after purchasing an additional 100,527 shares during the last quarter. State Street Corp grew its stake in shares of Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company's stock worth $240,582,000 after purchasing an additional 56,890 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Light & Wonder by 2.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company's stock worth $127,198,000 after purchasing an additional 28,358 shares during the last quarter. FMR LLC boosted its position in Light & Wonder by 28.7% during the third quarter. FMR LLC now owns 1,452,052 shares of the company's stock valued at $131,745,000 after acquiring an additional 324,088 shares during the last quarter. Finally, Norges Bank bought a new stake in Light & Wonder during the fourth quarter valued at $91,683,000. Institutional investors own 88.08% of the company's stock.

About Light & Wonder

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.