Brightstar Lottery (NYSE:BRSL) Given New $13.00 Price Target at Truist Financial

Brightstar Lottery (NYSE:BRSL) had its price target lowered by equities researchers at Truist Financial from $14.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 20.87% from the company’s current price.

A number of other research firms also recently commented on BRSL. Weiss Ratings restated a “sell (d+)” rating on shares of Brightstar Lottery in a research report on Friday, July 10th. Susquehanna decreased their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Jefferies Financial Group dropped 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. Finally, Argus downgraded Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.77.

Brightstar Lottery Price Performance

Shares of BRSL traded up $0.01 during trading hours on Monday, reaching $10.76. 37,092 shares of the company’s stock traded hands, compared to its average volume of 1,496,410. Brightstar Lottery has a twelve month low of $10.42 and a twelve month high of $18.57. The stock has a fifty day simple moving average of $11.17. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 12.95 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts expect that Brightstar Lottery will post 0.4 EPS for the current year.

Hedge Funds Weigh In On Brightstar Lottery

Several hedge funds have recently made changes to their positions in BRSL. Nomura Asset Management Co. Ltd. acquired a new stake in Brightstar Lottery during the fourth quarter valued at approximately $31,000. Knott David M Jr acquired a new position in Brightstar Lottery in the first quarter worth approximately $32,000. NewEdge Advisors LLC acquired a new position in Brightstar Lottery in the fourth quarter worth approximately $32,000. Rockefeller Capital Management L.P. bought a new position in shares of Brightstar Lottery in the fourth quarter valued at $52,000. Finally, Empowered Funds LLC bought a new position in shares of Brightstar Lottery in the fourth quarter valued at $57,000. 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.