Accel Entertainment, Inc. (NYSE: ACEL) In view of the consensus recommendation to “keep” by analysts
Accel Entertainment, Inc. (NYSE: ACEL) has received an average “Hold” rating from the six brokerages that currently cover the company, reports Marketbeat Ratings. One investment analyst rated the stock with a sell rating, two assigned a conservation rating and three issued a buy rating on the company. The 12-month average target price among brokers who updated their equity coverage in the past year is $ 15.30.
A number of analysts recently commented on the company. JPMorgan Chase & Co. resumed coverage of Accel Entertainment in a research report on Thursday, April 8. They issued an “overweight” rating and a target price of $ 13.00 for the company. Zacks investment research downgraded Accel Entertainment’s shares from a “buy” rating to a “sell” rating in a research report released Tuesday. Deutsche Bank Aktiengesellschaft raised its price target for Accel Entertainment shares from $ 13.00 to $ 14.00 and assigned the company a “conservation” rating in a research report published on Wednesday, May 12. Macquarie raised its price target on Accel Entertainment shares from $ 13.00 to $ 14.00 and gave the company a “neutral” rating in a research report on Thursday, June 3. Finally, Northland Securities reaffirmed a “buy” note and issued a price target of $ 20.00 on Accel Entertainment shares in a research report Thursday.
In related news, insider Derek Harmer sold 8,000 shares in a trade that took place on Tuesday, June 15. The stock was sold at an average price of $ 12.23, for a total trade of $ 97,840.00. Following the completion of the sale, the insider now directly owns 155,253 shares of the company, valued at $ 1,898,744.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this hyperlink. Additionally, CEO Andrew H. Rubenstein sold 50,000 shares of Accel Entertainment in a trade on Thursday, April 29. The stock was sold for an average price of $ 13.11, for a total value of $ 655,500.00. Following the sale, the CEO now owns 4,192,232 shares of the company, valued at $ 54,960,161.52. Disclosure of this sale can be found here. Insiders have sold a total of 151,755 shares of the company valued at $ 1,927,275 in the past three months. 18.76% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in Accel Entertainment by 1.1% in the first quarter. Nuveen Asset Management LLC now owns 179,160 shares of the company valued at $ 1,958,000 after purchasing an additional 1,987 shares during the period. American International Group Inc. increased its position in Accel Entertainment shares by 10.1% during the 4th quarter. American International Group Inc. now owns 29,261 shares of the company valued at $ 296,000 after acquiring 2,688 additional shares during the period. The Swiss National Bank increased its stake in Accel Entertainment shares by 2.4% during the first quarter. The Swiss National Bank now owns 117,300 shares of the company valued at $ 1,282,000 after purchasing an additional 2,700 shares in the last quarter. Royal Bank of Canada increased its stake in Accel Entertainment shares by 3,026.0% during the 1st quarter. Royal Bank of Canada now owns 3,126 shares of the company valued at $ 34,000 after purchasing an additional 3,026 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings of Accel Entertainment shares by 16.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 28,703 shares of the company valued at $ 290,000 after purchasing an additional 3,979 shares during the period. Institutional investors hold 47.92% of the company’s shares.
Accel Entertainment stock opened at $ 11.30 on Friday. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt ratio of 2.60. Accel Entertainment has a 12-month minimum of $ 7.34 and a 12-month maximum of $ 15.11. The company’s fifty-day moving average is $ 12.39. The company has a market cap of $ 1.06 billion, a P / E ratio of -86.92 and a beta of 1.31.
Accel Entertainment (NYSE: ACEL) last released its results on Monday, May 10. The company reported earnings per share (EPS) of $ 0.10 for the quarter, beating the Zacks consensus estimate of $ 0.08 per $ 0.02. Accel Entertainment had a negative net margin of 2.66% and a positive return on equity of 6.21%. The company posted revenue of $ 147.07 million for the quarter, compared to a consensus estimate of $ 137.17 million. On average, analysts expect Accel Entertainment to post earnings per share of 0.63 for the current fiscal year.
Accel Entertainment Company Profile
Accel Entertainment, Inc., along with its subsidiaries, operates as an operator of distributed games in the United States. It is involved in the installation, maintenance and operation of video game terminals; exchange devices that pay out winnings and contain automated teller machine (ATM) functionality; and other entertainment devices in licensed locations other than casinos, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops and grocery stores.
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