Brightstar Lottery (NYSE:BRSL) Stock Rating Upgraded by Zacks Research

Brightstar Lottery (NYSE:BRSL) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a report on Friday. Susquehanna decreased their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. BNP Paribas Exane started coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 target price on the stock. Finally, Truist Financial dropped their target price on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brightstar Lottery currently has a consensus rating of “Hold” and an average price target of $14.93.

Brightstar Lottery Stock Performance

Brightstar Lottery stock opened at $10.71 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a fifty-two week low of $10.42 and a fifty-two week high of $18.57. The company has a market capitalization of $2.00 billion, a PE ratio of 12.91 and a beta of 1.00. The stock has a fifty day moving average price of $11.29.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that Brightstar Lottery will post 0.4 earnings per share for the current year.

Hedge Funds Weigh In On Brightstar Lottery

A number of hedge funds and other institutional investors have recently modified their holdings of BRSL. Lazard Asset Management LLC bought a new position in shares of Brightstar Lottery during the 4th quarter valued at about $147,133,000. Brown Advisory Inc. purchased a new stake in Brightstar Lottery in the fourth quarter worth approximately $44,820,000. State Street Corp bought a new position in Brightstar Lottery during the fourth quarter valued at approximately $29,860,000. Royce & Associates LP bought a new position in Brightstar Lottery during the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC purchased a new position in shares of Brightstar Lottery during the fourth quarter worth approximately $19,684,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

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.