Stars Group (TSG) Downgraded to Strong Sell at ValuEngine

ValuEngine lowered shares of Stars Group (NASDAQ:TSG) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Echelon Wealth Partners reissued a buy rating on shares of Stars Group in a report on Wednesday, March 6th. Desjardins raised shares of Stars Group from a hold rating to a buy rating and set a $17.69 target price for the company in a report on Thursday, March 28th. Morgan Stanley started coverage on shares of Stars Group in a report on Wednesday, May 1st. They issued an equal weight rating and a $20.00 target price for the company. Barclays reissued a hold rating and issued a $20.60 target price on shares of Stars Group in a report on Tuesday, January 15th. Finally, Zacks Investment Research downgraded Stars Group from a hold rating to a strong sell rating in a research note on Saturday, March 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $25.22.

TSG stock opened at $17.92 on Wednesday. The stock has a market capitalization of $5.34 billion, a PE ratio of 8.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.88 and a quick ratio of 1.03. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95.

Stars Group (NASDAQ:TSG) last posted its earnings results on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The company had revenue of $580.34 million during the quarter, compared to the consensus estimate of $621.34 million. Stars Group had a positive return on equity of 12.81% and a negative net margin of 6.71%. The firm’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. As a group, analysts anticipate that Stars Group will post 1.88 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd increased its position in Stars Group by 2.0% during the 1st quarter. Caledonia Private Investments Pty Ltd now owns 52,004,224 shares of the company’s stock valued at $908,927,000 after purchasing an additional 1,012,275 shares during the period. Toronto Dominion Bank increased its position in Stars Group by 28.5% during the 1st quarter. Toronto Dominion Bank now owns 9,249,142 shares of the company’s stock valued at $161,835,000 after purchasing an additional 2,051,098 shares during the period. Odey Asset Management Group Ltd increased its position in Stars Group by 182.6% during the 4th quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock valued at $78,044,000 after purchasing an additional 3,052,237 shares during the period. Morgan Stanley increased its position in Stars Group by 10.8% during the 1st quarter. Morgan Stanley now owns 4,679,371 shares of the company’s stock valued at $81,935,000 after purchasing an additional 454,347 shares during the period. Finally, Vanguard Group Inc increased its position in Stars Group by 4.4% during the 3rd quarter. Vanguard Group Inc now owns 3,613,612 shares of the company’s stock valued at $89,979,000 after purchasing an additional 153,027 shares during the period. 62.11% of the stock is owned by institutional investors.

About Stars Group

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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