Accel Entertainment, Inc. (NYSE:ACEL) Stock Has Consensus Target Price of $14.60 According to Analysts

Shares of Accel Entertainment, Inc. (NYSE:ACEL) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.60.

ACEL has been the subject of a number of recent research reports. Citigroup reiterated a “market outperform” rating on shares of Accel Entertainment in a research note on Wednesday, August 5th. Citizens Jmp upped their price objective on Accel Entertainment from $14.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company began coverage on shares of Accel Entertainment in a report on Friday, August 21st. They issued an “equal weight” rating and a $14.00 price target for the company. Truist Financial dropped their target price on Accel Entertainment from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Finally, Wall Street Zen upgraded shares of Accel Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock opened at $10.98 on Monday. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 1.91. Accel Entertainment has a twelve month low of $9.55 and a twelve month high of $14.00. The stock has a market capitalization of $891.79 million, a P/E ratio of 16.39 and a beta of 1.07. The business’s fifty day moving average price is $11.37 and its 200 day moving average price is $11.92.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Tuesday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Accel Entertainment had a return on equity of 22.30% and a net margin of 4.08%. The business had revenue of $368.13 million for the quarter, compared to analyst estimates of $356.66 million. As a group, research analysts anticipate that Accel Entertainment will post 0.69 earnings per share for the current year.

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, insider Derek Harmer sold 26,324 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $11.63, for a total transaction of $306,148.12. Following the transaction, the insider owned 170,929 shares of the company’s stock, valued at approximately $1,987,904.27. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 40,036 shares of company stock valued at $465,180. Corporate insiders own 14.47% of the company’s stock.

Institutional Trading of Accel Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Accel Entertainment by 61.5% in the 3rd quarter. Versant Capital Management Inc now owns 6,676 shares of the company’s stock valued at $71,000 after purchasing an additional 2,542 shares during the period. USA Financial Formulas bought a new stake in Accel Entertainment during the 3rd quarter worth approximately $41,000. Caxton Associates LLP bought a new stake in Accel Entertainment in the 1st quarter valued at $208,000. Quantinno Capital Management LP lifted its stake in Accel Entertainment by 18.9% in the 1st quarter. Quantinno Capital Management LP now owns 123,906 shares of the company’s stock valued at $1,352,000 after acquiring an additional 19,734 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Accel Entertainment by 66.3% during the first quarter. Sei Investments Co. now owns 68,586 shares of the company’s stock worth $748,000 after purchasing an additional 27,349 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Company Profile

Accel Entertainment, Inc is a distributed gaming operator that provides regulated gaming services and equipment to non-casino businesses. The company places and operates gaming terminals in locations such as bars, restaurants, taverns, convenience stores, truck stops, and fraternal or veterans organizations, allowing these establishments to offer legal gaming without operating a traditional casino.

Accel manages the installation, maintenance, monitoring, and regulatory compliance of its gaming equipment.