Truist Financial Has Lowered Expectations for Brightstar Lottery (NYSE:BRSL) Stock Price

Brightstar Lottery (NYSE:BRSL) had its price objective dropped by analysts at Truist Financial from $17.00 to $14.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 27.21% from the company’s previous close.

A number of other research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. 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. Finally, Jefferies Financial Group cut their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brightstar Lottery presently has a consensus rating of “Hold” and an average price target of $15.67.

Brightstar Lottery Price Performance

NYSE:BRSL traded down $0.55 during trading hours on Wednesday, reaching $11.01. 578,702 shares of the company were exchanged, compared to its average volume of 1,436,314. The firm has a 50 day moving average of $12.82. Brightstar Lottery has a 1-year low of $10.98 and a 1-year high of $18.57. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72. The firm has a market capitalization of $2.06 billion, a P/E ratio of 14.51 and a beta of 1.04.

Brightstar Lottery (NYSE:BRSL) last announced 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). The company had revenue of $587.00 million during the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRSL. Lazard Asset Management LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $147,133,000. Brown Advisory Inc. acquired a new position in Brightstar Lottery during the 4th quarter worth approximately $44,820,000. State Street Corp acquired a new position in Brightstar Lottery during the 4th quarter worth approximately $29,860,000. Royce & Associates LP bought a new position in Brightstar Lottery in the 4th quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC bought a new position in Brightstar Lottery in the 4th quarter valued at approximately $19,684,000. 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.