Light & Wonder (NASDAQ:LNW) Given New $110.00 Price Target at JPMorgan Chase & Co.

Light & Wonder (NASDAQ:LNW) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $103.00 to $110.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.91% from the stock’s current price.

LNW has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark reissued a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday, February 19th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus raised their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Finally, Macquarie lifted 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.50.

Light & Wonder Trading Up 6.2 %

Shares of NASDAQ LNW traded up $6.31 during trading on Wednesday, reaching $107.94. The stock had a trading volume of 313,615 shares, compared to its average volume of 699,636. The business’s 50-day moving average price is $90.10 and its 200-day moving average price is $95.99. The company has a market cap of $9.53 billion, a P/E ratio of 33.53, 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. Light & Wonder has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

Institutional Trading of Light & Wonder

A number of institutional investors have recently made changes to their positions in LNW. Norges Bank purchased a new position in Light & Wonder in the 4th quarter worth about $91,683,000. Park West Asset Management LLC bought a new stake in shares of Light & Wonder during the 4th quarter worth $46,241,000. FMR LLC boosted its stake in Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Light & Wonder during the third quarter valued at about $25,277,000. Finally, Bank of Nova Scotia bought a new stake in Light & Wonder in the fourth quarter valued at about $16,020,000. 88.08% of the stock is owned by institutional investors and hedge funds.

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.