Mizuho Forecasts Strong Price Appreciation for Light & Wonder (NASDAQ:LNW) Stock

Light & Wonder (NASDAQ:LNW) had its target price increased by Mizuho from $76.00 to $80.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an underperform rating on the stock.

A number of other equities analysts also recently weighed in on LNW. JPMorgan Chase & Co. boosted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus boosted 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. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $114.00 price objective on shares of Light & Wonder in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Light & Wonder currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Light & Wonder Stock Performance

Shares of Light & Wonder stock opened at $111.48 on Wednesday. The business’s fifty day simple moving average is $91.55 and its 200 day simple moving average is $96.26. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The firm has a market capitalization of $9.84 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Light & Wonder by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock valued at $387,000 after acquiring an additional 108 shares during the period. Xponance Inc. lifted its stake in Light & Wonder by 0.7% in the 4th quarter. Xponance Inc. now owns 17,769 shares of the company’s stock worth $1,535,000 after purchasing an additional 120 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Light & Wonder by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock valued at $510,000 after purchasing an additional 146 shares during the period. New York State Common Retirement Fund grew its position in shares of Light & Wonder by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after purchasing an additional 200 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Light & Wonder by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock worth $357,000 after purchasing an additional 263 shares during the period. Hedge funds and other 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.