Brightstar Lottery (NYSE:BRSL) Downgraded to “Hold” Rating by Argus

Brightstar Lottery (NYSE:BRSLGet Free Report) was downgraded by Argus from a “buy” rating to a “hold” rating in a report released on Monday, MarketBeat Ratings reports.

Several other research analysts also recently commented on the stock. Jefferies Financial Group cut their price target 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. Truist Financial lowered their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane began coverage on Brightstar Lottery in a research note on Thursday, May 14th. They set a “neutral” rating and a $12.60 price objective for the company. Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Finally, Stifel Nicolaus restated 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. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.92.

Check Out Our Latest Stock Report on BRSL

Brightstar Lottery Stock Down 0.0%

Shares of NYSE BRSL opened at $11.20 on Monday. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57. The business has a 50-day moving average of $11.74. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. The company has a market cap of $2.09 billion, a P/E ratio of 13.49 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSLGet Free Report) last announced 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 net margin of 6.24% and a return on equity of 10.58%. The company’s revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Brightstar Lottery will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BRSL. Brown Advisory Inc. bought a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $44,820,000. Gabelli Funds LLC bought a new position in shares of Brightstar Lottery during the 4th quarter valued at $7,388,000. Royce & Associates LP purchased a new position in Brightstar Lottery in the 4th quarter worth $24,887,000. Fox Run Management L.L.C. purchased a new position in Brightstar Lottery in the 4th quarter worth $1,127,000. Finally, HighTower Advisors LLC bought a new stake in Brightstar Lottery in the fourth quarter worth $4,541,000. 44.33% of the stock is currently owned by institutional investors.

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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