Brightstar Lottery (NYSE:BRSL) Cut to Strong Sell at Zacks Research

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

Other research analysts have also recently issued research reports about the stock. Susquehanna decreased their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Brightstar Lottery in a report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Finally, Truist Financial reduced their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Brightstar Lottery presently has an average rating of “Hold” and a consensus price target of $14.92.

Brightstar Lottery Price Performance

Shares of NYSE:BRSL opened at $11.19 on Wednesday. Brightstar Lottery has a one year low of $10.42 and a one year high of $18.57. The business’s 50 day simple moving average is $12.31. 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 firm has a market cap of $2.09 billion, a PE ratio of 13.49 and a beta of 1.04.

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 firm had revenue of $587.00 million for the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Brightstar Lottery will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $31,000. Knott David M Jr acquired a new position in Brightstar Lottery during the first quarter worth $32,000. NewEdge Advisors LLC acquired a new position in Brightstar Lottery during the fourth quarter worth $32,000. Rockefeller Capital Management L.P. acquired a new position in Brightstar Lottery during the fourth quarter worth $52,000. Finally, Empowered Funds LLC acquired a new position in Brightstar Lottery during the fourth quarter worth $57,000. 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.