Brightstar Lottery (NYSE:BRSL) Price Target Lowered to $14.00 at Truist Financial

Brightstar Lottery (NYSE:BRSL) had its price objective cut by research analysts at Truist Financial from $17.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 27.21% from the stock’s previous close.

BRSL has been the topic of several other reports. Zacks Research raised shares of 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 on the stock in a report on Monday, April 6th. Stifel Nicolaus reiterated 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. Finally, Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.67.

Brightstar Lottery Trading Down 4.7%

Shares of NYSE:BRSL traded down $0.55 during mid-day trading on Wednesday, reaching $11.01. The stock had a trading volume of 578,702 shares, compared to its average volume of 1,436,314. The stock has a 50 day moving average of $12.82. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.72 and a current ratio of 0.76. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 14.51 and a beta of 1.04. Brightstar Lottery has a twelve month low of $10.98 and a twelve month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The company’s revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Brightstar Lottery will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Brightstar Lottery

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Brightstar Lottery by 3,794.2% in the first quarter. Bessemer Group Inc. now owns 32,711 shares of the company’s stock valued at $417,000 after acquiring an additional 31,871 shares during the period. R Squared Ltd increased its position in Brightstar Lottery by 47.6% during the first quarter. R Squared Ltd now owns 18,800 shares of the company’s stock worth $240,000 after acquiring an additional 6,060 shares during the period. Hsbc Holdings PLC acquired a new stake in Brightstar Lottery in the 4th quarter worth about $1,318,000. Rockefeller Capital Management L.P. acquired a new stake in Brightstar Lottery in the 4th quarter worth about $52,000. Finally, Invesco Ltd. bought a new stake in Brightstar Lottery in the 4th quarter valued at about $8,276,000. Institutional investors and hedge funds 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.