Brightstar Lottery (NYSE:BRSL) Stock Rating Upgraded by BNP Paribas Exane

Brightstar Lottery (NYSE:BRSL) was upgraded by equities research analysts at BNP Paribas Exane to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on BRSL. Truist Financial reduced their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday. Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday. Finally, Susquehanna reduced their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Brightstar Lottery has an average rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Trading Up 1.3%

Shares of NYSE BRSL opened at $11.12 on Thursday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 13.39 and a beta of 1.04. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a 1 year low of $10.75 and a 1 year high of $18.57. The company has a 50-day simple moving average of $12.72.

Brightstar Lottery (NYSE:BRSL) last issued its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The business had revenue of $587.00 million during the quarter. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. bought a new position in Brightstar Lottery in the 4th quarter valued at about $44,820,000. Fieldview Capital Management LLC bought a new stake in Brightstar Lottery in the fourth quarter valued at approximately $884,000. Norges Bank bought a new position in shares of Brightstar Lottery during the 4th quarter worth approximately $19,565,000. Fox Run Management L.L.C. bought a new position in Brightstar Lottery during the fourth quarter worth $1,127,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in Brightstar Lottery in the fourth quarter worth approximately $31,000. 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.