Brightstar Lottery (NYSE:BRSL – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research note issued on Wednesday,Benzinga reports. They currently have a $19.00 target price on the stock, down from their prior target price of $20.00. Stifel Nicolaus’ target price would suggest a potential upside of 72.16% from the company’s previous close.
A number of other equities research analysts have also commented on the company. Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Jefferies Financial Group lowered their target price on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Finally, Truist Financial raised shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.50.
Check Out Our Latest Stock Report on Brightstar Lottery
Brightstar Lottery Stock Down 4.5%
Brightstar Lottery (NYSE:BRSL – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The business had revenue of $587.00 million for the quarter. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Brightstar Lottery
Several large investors have recently modified their holdings of BRSL. Gabelli Funds LLC bought a new position in shares of Brightstar Lottery in the fourth quarter worth $7,388,000. Gamco Investors INC. ET AL bought a new position in shares of Brightstar Lottery in the 4th quarter worth $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Brightstar Lottery during the 4th quarter valued at $2,012,000. HighTower Advisors LLC bought a new stake in shares of Brightstar Lottery during the 4th quarter worth $4,541,000. Finally, ProShare Advisors LLC bought a new stake in shares of Brightstar Lottery during the 4th quarter worth $297,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.
About Brightstar Lottery
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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