Light & Wonder (NASDAQ:LNW) Price Target Raised to $80.00 at Mizuho

Light & Wonder (NASDAQ:LNW) had its price target increased by Mizuho from $76.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an underperform rating on the stock.

LNW has been the topic of several other research reports. Benchmark restated a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Macquarie raised their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

Light & Wonder Stock Performance

Shares of LNW opened at $108.62 on Wednesday. The company’s fifty day moving average is $90.54 and its 200-day moving average is $96.08. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

Institutional Trading of Light & Wonder

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Light & Wonder during the 3rd quarter worth about $108,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Light & Wonder during the 3rd quarter worth about $420,000. State of Alaska Department of Revenue lifted its holdings in shares of Light & Wonder by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock worth $934,000 after acquiring an additional 535 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Light & Wonder by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock worth $7,654,000 after acquiring an additional 719 shares during the period. Finally, Iridian Asset Management LLC CT lifted its holdings in shares of Light & Wonder by 12.1% during the 3rd quarter. Iridian Asset Management LLC CT now owns 51,571 shares of the company’s stock worth $4,679,000 after acquiring an additional 5,570 shares during the period. 88.08% of the stock is owned by institutional investors.

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.