Bally Technologies Receives “Buy” Rating from BMO Capital Markets (BYI)
Bally Technologies (NYSE:BYI)‘s stock had its “buy” rating restated by BMO Capital Markets in a research note issued on Friday, AnalystRatingsNetwork.com reports. They currently have a $85.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 14.35% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Bally Technologies (NYSE:BYI) from $83.00 to $88.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Bally Technologies (NYSE:BYI) from $55.00 to $73.00 in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Bally Technologies (NYSE:BYI) from $85.00 to $87.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.64.
In other Bally Technologies news, Director Richard Haddrill sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $74.66, for a total value of $1,493,200.00. Following the completion of the transaction, the director now directly owns 311,817 shares in the company, valued at approximately $23,280,257. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Bally Technologies (NYSE:BYI) traded down 1.57% on Friday, hitting $73.16. 130,125 shares of the company’s stock traded hands. Bally Technologies has a 1-year low of $43.16 and a 1-year high of $76.30. The stock has a 50-day moving average of $73.40 and a 200-day moving average of $60.7. The company has a market cap of $2.801 billion and a P/E ratio of 21.54.
Bally Technologies (NYSE:BYI) last announced its earnings results on Thursday, August 15th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.01. The company had revenue of $264.40 million for the quarter, compared to the consensus estimate of $256.36 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Bally Technologies will post $3.93 earnings per share for the current fiscal year.
Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.
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