Truist Financial Cuts Brightstar Lottery (NYSE:BRSL) Price Target to $13.00

Brightstar Lottery (NYSE:BRSLFree Report) had its target price reduced by Truist Financial from $14.00 to $13.00 in a report published on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Friday, July 10th. Argus cut Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Susquehanna reduced their price objective 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 issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.77.

Get Our Latest Analysis on BRSL

Brightstar Lottery Price Performance

Shares of BRSL opened at $10.46 on Monday. The company has a 50 day moving average of $11.10. The stock has a market capitalization of $1.95 billion, a P/E ratio of 12.60 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. Brightstar Lottery has a 1-year low of $10.41 and a 1-year high of $18.57.

Brightstar Lottery (NYSE:BRSLGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.8%. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Institutional Trading of Brightstar Lottery

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. bought a new position in shares of Brightstar Lottery in the fourth quarter worth approximately $31,000. Knott David M Jr purchased a new stake in Brightstar Lottery during the 1st quarter valued at $32,000. NewEdge Advisors LLC bought a new stake in Brightstar Lottery in the 4th quarter worth $32,000. Rockefeller Capital Management L.P. purchased a new position in shares of Brightstar Lottery in the fourth quarter valued at about $52,000. Finally, Empowered Funds LLC bought a new position in shares of Brightstar Lottery during the fourth quarter valued at about $57,000. Institutional investors own 44.33% of the company’s stock.

About Brightstar Lottery

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brightstar Lottery (NYSE:BRSL)

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