Brightstar Lottery (NYSE:BRSL – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.
Several other research firms have also weighed in on BRSL. Susquehanna lowered their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target for the company. Truist Financial cut their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.92.
Read Our Latest Analysis on Brightstar Lottery
Brightstar Lottery Trading Up 0.7%
Brightstar Lottery (NYSE:BRSL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.
Institutional Trading of Brightstar Lottery
A number of large investors have recently added to or reduced their stakes in BRSL. Bank of America Corp DE raised its position in shares of Brightstar Lottery by 17.3% in the first quarter. Bank of America Corp DE now owns 1,031,022 shares of the company’s stock valued at $13,135,000 after purchasing an additional 151,839 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Brightstar Lottery in the first quarter valued at about $194,000. Royal Bank of Canada raised its position in shares of Brightstar Lottery by 19.5% in the first quarter. Royal Bank of Canada now owns 71,273 shares of the company’s stock valued at $908,000 after purchasing an additional 11,636 shares during the period. Empowered Funds LLC raised its position in shares of Brightstar Lottery by 396.0% in the first quarter. Empowered Funds LLC now owns 18,134 shares of the company’s stock valued at $231,000 after purchasing an additional 14,478 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Brightstar Lottery by 26.5% in the first quarter. Quantinno Capital Management LP now owns 26,069 shares of the company’s stock valued at $332,000 after purchasing an additional 5,454 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.
Brightstar Lottery Company Profile
International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.
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