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

Brightstar Lottery (NYSE:BRSL) had its price target lowered by research analysts at Susquehanna from $21.00 to $15.00 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 40.02% from the stock’s current price.

Several other research firms have also weighed in on BRSL. Jefferies Financial Group reduced their price objective on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Truist Financial reduced their target price on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday. BNP Paribas Exane started coverage on Brightstar Lottery in a report on Thursday. They issued a “neutral” rating and a $12.60 target price for the company. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Brightstar Lottery presently has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Price Performance

Shares of BRSL stock opened at $10.71 on Thursday. Brightstar Lottery has a 12-month low of $10.67 and a 12-month high of $18.57. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 12.91 and a beta of 1.04. The business has a 50 day simple moving average of $12.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.72.

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

Institutional Investors Weigh In On Brightstar Lottery

Several hedge funds and other institutional investors have recently made changes to their positions in BRSL. Gabelli Funds LLC acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $7,388,000. Gamco Investors INC. ET AL acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $2,012,000. HighTower Advisors LLC acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $4,541,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $297,000. 44.33% of the stock is owned by institutional investors and hedge funds.

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.