Brightstar Lottery’s (BRSL) “Buy” Rating Reiterated at Stifel Nicolaus

Brightstar Lottery (NYSE:BRSL)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report issued on Wednesday,Benzinga reports. They presently have a $19.00 target price on the stock, down from their prior target price of $20.00. Stifel Nicolaus’ price objective indicates a potential upside of 72.16% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Jefferies Financial Group reduced their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Brightstar Lottery presently has a consensus rating of “Hold” and a consensus price target of $16.50.

Brightstar Lottery Price Performance

NYSE:BRSL opened at $11.04 on Wednesday. The stock has a 50 day moving average price of $12.82. The company has a market cap of $2.06 billion, a P/E ratio of 14.95 and a beta of 1.04. Brightstar Lottery has a 1-year low of $11.53 and a 1-year high of $18.57. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55.

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

Institutional Inflows and Outflows

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

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.