Brightstar Lottery (NYSE:BRSL) Raised to “Hold” at 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 issued on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on BRSL. BNP Paribas Exane began coverage on Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Jefferies Financial Group cut their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday. Finally, Susquehanna lowered their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brightstar Lottery currently has an average rating of “Hold” and an average price target of $14.93.

Brightstar Lottery Stock Performance

Shares of Brightstar Lottery stock opened at $10.71 on Monday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 12.91 and a beta of 1.00. The company’s 50-day simple moving average is $11.29. Brightstar Lottery has a twelve month low of $10.42 and a twelve month high of $18.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings results 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 return on equity of 10.58% and a net margin of 6.24%.The business’s revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that Brightstar Lottery will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of Brightstar Lottery

A number of hedge funds and other institutional investors have recently made changes to their positions in BRSL. Nomura Asset Management Co. Ltd. bought a new position in shares of Brightstar Lottery in the fourth quarter valued at about $31,000. NewEdge Advisors LLC bought a new stake in Brightstar Lottery during the 4th quarter worth about $32,000. Knott David M Jr bought a new stake in Brightstar Lottery during the 1st quarter worth about $32,000. Rockefeller Capital Management L.P. bought a new stake in Brightstar Lottery during the 4th quarter worth about $52,000. Finally, Empowered Funds LLC acquired a new stake in Brightstar Lottery in the 4th quarter valued at about $57,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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.