Bally’s Corporation (NYSE:BALY) Stock Has Consensus Price Target of $11.75 According to Brokerages

Shares of Bally’s Corporation (NYSE:BALY – Get Free Report) have received a consensus rating of “Reduce” from the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $11.75.

Several analysts have recently weighed in on the company. Truist Financial decreased their target price on Bally’s from $15.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, August 19th. Weiss Ratings cut shares of Bally’s from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Wall Street Zen cut shares of Bally’s from a “hold” rating to a “sell” rating in a report on Sunday, August 23rd. Finally, Barclays reduced their price target on shares of Bally’s from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 19th.

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Bally’s Price Performance

Shares of BALY stock opened at $13.74 on Friday. The stock has a 50 day moving average price of $11.53 and a 200 day moving average price of $12.42. Bally’s has a 52-week low of $8.44 and a 52-week high of $20.74. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.91. The firm has a market capitalization of $693.66 million, a P/E ratio of -2.02 and a beta of 1.74.

Bally’s (NYSE:BALY – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($2.41) EPS for the quarter, missing the consensus estimate of ($1.08) by ($1.33). The business had revenue of $792.23 million during the quarter, compared to the consensus estimate of $789.89 million. Bally’s had a negative net margin of 25.83% and a negative return on equity of 40.97%. As a group, sell-side analysts predict that Bally’s will post -9.36 earnings per share for the current year.

Bally’s Company Profile

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Bally’s Corporation is a gaming, hospitality and entertainment company that owns and operates casinos and resorts in the United States. Its properties typically offer casino gaming, hotel accommodations, dining, live entertainment and other leisure amenities, with locations serving regional and destination markets.

The company also operates online gaming and sports betting businesses through Bally’s Interactive. These services include online casino games, sports wagering and related digital entertainment offerings, subject to applicable regulations in the jurisdictions where they are available.

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