Accel Entertainment, Inc. (NYSE:ACEL) Receives Consensus Recommendation of “Buy” from Analysts

Accel Entertainment, Inc. (NYSE:ACEL) has been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.90.

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Accel Entertainment from $12.00 to $13.00 and gave the company a “hold” rating in a report on Monday, March 22nd. JPMorgan Chase & Co. assumed coverage on Accel Entertainment in a report on Thursday. They issued an “overweight” rating and a $13.00 price objective for the company. Macquarie assumed coverage on Accel Entertainment in a report on Monday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Zacks Investment Research upgraded Accel Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 15th. Finally, The Goldman Sachs Group lifted their price target on Accel Entertainment from $14.50 to $15.50 and gave the stock a “buy” rating in a report on Tuesday, January 26th.

Shares of Accel Entertainment stock opened at $11.05 on Thursday. The stock’s fifty day simple moving average is $11.09 and its 200 day simple moving average is $10.55. Accel Entertainment has a 12 month low of $7.14 and a 12 month high of $15.11. The company has a market capitalization of $1.03 billion, a PE ratio of -32.50 and a beta of 1.27. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 2.09.

In other news, Director Gordon Rubenstein sold 5,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $10.50, for a total value of $52,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Derek Harmer sold 8,000 shares of Accel Entertainment stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the sale, the insider now owns 153,958 shares of the company’s stock, valued at $1,788,991.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,046 shares of company stock valued at $1,339,626. Corporate insiders own 19.51% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Accel Entertainment during the fourth quarter valued at approximately $226,000. UBS Asset Management Americas Inc. raised its position in Accel Entertainment by 28.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 48,000 shares of the company’s stock valued at $485,000 after purchasing an additional 10,500 shares in the last quarter. Hsbc Holdings PLC raised its position in Accel Entertainment by 104.3% during the fourth quarter. Hsbc Holdings PLC now owns 23,502 shares of the company’s stock valued at $241,000 after purchasing an additional 11,996 shares in the last quarter. Virtu Financial LLC acquired a new position in Accel Entertainment during the fourth quarter valued at approximately $130,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Accel Entertainment during the fourth quarter worth $129,000. Institutional investors own 47.59% of the company’s stock.

About Accel Entertainment

Accel Entertainment, Inc operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of video game terminals (VGTs); redemption devices that disburse winnings and contain ATM functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

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