Brightstar Lottery (NYSE:BRSL) Stock Rating Lowered by Zacks Research

Brightstar Lottery (NYSE:BRSL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on BRSL. Jefferies Financial Group decreased their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Weiss Ratings downgraded shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. BNP Paribas Exane began coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target for the company. Stifel Nicolaus reissued 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, May 13th. Finally, Susquehanna decreased their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Stock Up 0.7%

Shares of Brightstar Lottery stock opened at $11.19 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market capitalization of $2.09 billion, a P/E ratio of 13.49 and a beta of 1.04. The company’s 50 day simple moving average is $12.31. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts anticipate that Brightstar Lottery will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Brightstar Lottery

A number of institutional investors have recently made changes to their positions in BRSL. Lazard Asset Management LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $147,133,000. Brown Advisory Inc. purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $44,820,000. State Street Corp purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $29,860,000. Royce & Associates LP purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at $19,684,000. Hedge funds and other 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.