Jefferies Financial Group Upgrades Brightstar Lottery (NYSE:BRSL) to “Buy”

Brightstar Lottery (NYSE:BRSL) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a $16.00 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 41.47% from the stock’s previous close.

BRSL has been the topic of several other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Susquehanna cut their target price 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. Finally, Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.10.

Brightstar Lottery Stock Up 0.5%

Shares of NYSE:BRSL opened at $11.31 on Thursday. The business has a fifty day simple moving average of $10.99. Brightstar Lottery has a 52 week low of $9.90 and a 52 week high of $18.57. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16. The stock has a market cap of $2.11 billion, a PE ratio of 8.70 and a beta of 1.03.

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

Institutional Investors Weigh In On Brightstar Lottery

Hedge funds and other institutional investors have recently modified their holdings of the business. Gabelli Funds LLC bought a new stake in shares of Brightstar Lottery during the 4th quarter worth approximately $7,388,000. Gamco Investors INC. ET AL purchased a new stake in Brightstar Lottery in the fourth quarter worth $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Brightstar Lottery in the fourth quarter worth $2,012,000. HighTower Advisors LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $4,541,000. Finally, ProShare Advisors LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter worth $297,000. 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.