Stars Group (NASDAQ:TSG) Upgraded to “Strong-Buy” at BidaskClub

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Stars Group (NASDAQ:TSG) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, BidAskClub reports.

Several other analysts also recently weighed in on TSG. Desjardins downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Stars Group from $17.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Zacks Investment Research raised shares of Stars Group from a “sell” rating to a “hold” rating in a report on Friday, October 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 target price on shares of Stars Group in a report on Monday, September 9th. Finally, Barclays downgraded shares of Stars Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.88.

NASDAQ TSG opened at $24.41 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $6.99 billion, a PE ratio of 11.15 and a beta of 1.62. Stars Group has a one year low of $12.59 and a one year high of $24.59. The firm’s fifty day moving average is $21.79 and its two-hundred day moving average is $17.70.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $622.50 million for the quarter, compared to analyst estimates of $639.82 million. Stars Group had a negative net margin of 2.28% and a positive return on equity of 12.31%. Stars Group’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. Research analysts predict that Stars Group will post 1.74 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Stars Group during the second quarter worth about $145,000. Massey Quick Simon & CO. LLC purchased a new stake in Stars Group during the third quarter worth about $179,000. Squarepoint Ops LLC purchased a new stake in Stars Group during the third quarter worth about $225,000. OLD National Bancorp IN purchased a new stake in Stars Group during the third quarter worth about $230,000. Finally, SG Americas Securities LLC purchased a new stake in Stars Group during the third quarter worth about $240,000. 68.38% 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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