Bally’s Corporation (NYSE:BALY) Stock Has Consensus Price Target of $11.75 According to Brokerages

Shares of Bally’s Corporation (NYSE:BALY) have been given a consensus rating of “Reduce” by the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.75.

A number of brokerages recently weighed in on BALY. Weiss Ratings upgraded shares of Bally’s from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 28th. Truist Financial dropped their price objective on shares of Bally’s from $15.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, August 19th. Wall Street Zen lowered shares of Bally’s from a “hold” rating to a “sell” rating in a research note on Sunday, August 23rd. Finally, Barclays reduced their target price on shares of Bally’s from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, August 19th.

Bally’s Price Performance

Shares of NYSE BALY opened at $12.37 on Thursday. The stock has a market cap of $624.31 million, a P/E ratio of -1.82 and a beta of 1.83. Bally’s has a twelve month low of $8.44 and a twelve month high of $19.60. The stock has a 50 day moving average of $12.30 and a two-hundred day moving average of $12.88. The company has a current ratio of 0.91, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06.

Bally’s (NYSE:BALY) last announced its earnings results on Friday, August 14th. The company reported ($2.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.08) by ($1.33). The business had revenue of $792.23 million for the quarter, compared to analysts’ expectations of $789.89 million. Bally’s had a negative return on equity of 40.97% and a negative net margin of 25.83%. On average, research analysts forecast that Bally’s will post -9.36 earnings per share for the current year.

About Bally’s

Bally’s Corporation is a gaming, hospitality and entertainment company that owns and operates casinos, resorts and racetracks in the United States. Its properties offer casino gaming, hotel accommodations, dining, entertainment, meeting facilities and related amenities. The company serves regional gaming markets across multiple U.S. states and also has an international presence through its operations in the United Kingdom.

Bally’s also operates digital gaming businesses, including online sports betting and iGaming services under the Bally Bet and Bally Casino brands, where permitted by local regulations.