Desjardins cut shares of Stars Group (NASDAQ:TSG) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, The Fly reports. Desjardins also issued estimates for Stars Group’s Q3 2019 earnings at $0.47 EPS and FY2019 earnings at $1.86 EPS.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Stars Group from a sell rating to a hold rating in a research report on Wednesday. ValuEngine cut shares of Stars Group from a sell rating to a strong sell rating in a research report on Wednesday. Morgan Stanley initiated coverage on shares of Stars Group in a research report on Wednesday, May 1st. They set an equal weight rating and a $20.00 target price for the company. Echelon Wealth Partners restated a buy rating on shares of Stars Group in a research report on Wednesday, March 6th. Finally, BidaskClub cut shares of Stars Group from a sell rating to a strong sell rating in a research report on Thursday, February 7th. Two research 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 company currently has an average rating of Hold and a consensus target price of $25.22.
Shares of NASDAQ TSG traded down $0.59 during midday trading on Thursday, hitting $17.98. The company had a trading volume of 188,313 shares, compared to its average volume of 2,584,252. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.30. Stars Group has a twelve month low of $15.10 and a twelve month high of $38.95. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 8.21 and a beta of 1.60.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). Stars Group had a negative net margin of 6.71% and a positive return on equity of 13.25%. The company had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. Equities research analysts expect that Stars Group will post 1.93 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of TSG. Ladenburg Thalmann Financial Services Inc. grew its stake in Stars Group by 128.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,796 shares of the company’s stock worth $31,000 after buying an additional 1,009 shares during the period. Focused Wealth Management Inc acquired a new position in shares of Stars Group during the fourth quarter worth $34,000. Golden State Wealth Management LLC acquired a new position in shares of Stars Group during the first quarter worth $53,000. NumerixS Investment Technologies Inc acquired a new position in shares of Stars Group during the fourth quarter worth $63,000. Finally, SEI Investments Co acquired a new position in shares of Stars Group during the first quarter worth $75,000. 62.11% of the stock is owned by institutional investors and hedge funds.
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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