Brightstar Lottery (NYSE:BRSL) Price Target Lowered to $15.00 at Susquehanna

Brightstar Lottery (NYSE:BRSL) had its target price dropped by investment analysts at Susquehanna from $21.00 to $15.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 34.92% from the stock’s current price.

Other research analysts have also issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. BNP Paribas Exane began coverage on Brightstar Lottery in a research report on Thursday. They set a “neutral” rating and a $12.60 price objective for the company. Truist Financial lowered their target price on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday. Finally, Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Brightstar Lottery currently has a consensus rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Trading Up 1.3%

Shares of NYSE:BRSL opened at $11.12 on Thursday. The firm has a 50 day moving average price of $12.77. The stock has a market cap of $2.08 billion, a P/E ratio of 13.39 and a beta of 1.04. Brightstar Lottery has a 52 week low of $10.75 and a 52 week high of $18.57. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.72 and a current ratio of 0.76.

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). The firm had revenue of $587.00 million during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 11.31%. Brightstar Lottery’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Brightstar Lottery will post 0.83 EPS for the current year.

Institutional Trading of Brightstar Lottery

Large investors have recently modified their holdings of the company. Sei Investments Co. boosted its stake in Brightstar Lottery by 101.8% during the 1st quarter. Sei Investments Co. now owns 322,220 shares of the company’s stock valued at $4,105,000 after purchasing an additional 162,541 shares during the period. Mizuho Markets Cayman LP boosted its position in shares of Brightstar Lottery by 47.1% during the first quarter. Mizuho Markets Cayman LP now owns 247,561 shares of the company’s stock worth $3,154,000 after buying an additional 79,261 shares during the period. Bessemer Group Inc. increased its position in Brightstar Lottery by 3,794.2% in the 1st quarter. Bessemer Group Inc. now owns 32,711 shares of the company’s stock valued at $417,000 after acquiring an additional 31,871 shares during the period. R Squared Ltd raised its stake in Brightstar Lottery by 47.6% during the 1st quarter. R Squared Ltd now owns 18,800 shares of the company’s stock valued at $240,000 after acquiring an additional 6,060 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at $1,318,000. Institutional investors and hedge funds 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.