Brightstar Lottery (NYSE:BRSL) Rating Lowered to “Sell” at Wall Street Zen

Brightstar Lottery (NYSE:BRSL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

BRSL has been the subject of a number of other research reports. Jefferies Financial Group upgraded shares of Brightstar Lottery from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $16.00 in a research report on Thursday. BNP Paribas Exane assumed 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. Susquehanna decreased their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.10.

Brightstar Lottery Stock Performance

NYSE:BRSL opened at $11.79 on Friday. Brightstar Lottery has a 1 year low of $9.90 and a 1 year high of $18.57. The company has a market capitalization of $2.20 billion, a PE ratio of 9.07 and a beta of 1.03. The stock has a fifty day simple moving average of $11.01. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.00 and a current ratio of 1.10.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%.The company had revenue of $584.00 million for the quarter. On average, equities research analysts predict that Brightstar Lottery will post 0.35 EPS for the current year.

Institutional Trading of Brightstar Lottery

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC acquired a new stake in Brightstar Lottery during the fourth quarter valued at approximately $7,388,000. Gamco Investors INC. ET AL acquired a new position in Brightstar Lottery in the fourth quarter worth approximately $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Brightstar Lottery in the fourth quarter worth approximately $2,012,000. HighTower Advisors LLC bought a new position in shares of Brightstar Lottery in the fourth quarter valued at $4,541,000. Finally, ProShare Advisors LLC bought a new position in shares of Brightstar Lottery in the fourth quarter valued at $297,000. 44.33% of the stock is currently owned by institutional investors.

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.