Bally Technologies Given New $87.00 Price Target at Brean Capital (BYI)
Stock analysts at Brean Capital boosted their price target on shares of Bally Technologies (NYSE:BYI) from $84.00 to $87.00 in a report issued on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price target would suggest a potential upside of 18.95% from the stock’s previous close.
A number of other firms have also recently commented on BYI. Analysts at Citigroup Inc. initiated coverage on shares of Bally Technologies in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at McLean Capital Management downgraded shares of Bally Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 11th. Finally, analysts at BMO Capital Markets reiterated a “buy” rating on shares of Bally Technologies in a research note to investors on Friday, September 27th. They now have a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Bally Technologies presently has an average rating of “Hold” and a consensus target price of $84.17.
Shares of Bally Technologies (NYSE:BYI) traded down 0.11% during mid-day trading on Thursday, hitting $73.14. The stock had a trading volume of 1,336,696 shares. Bally Technologies has a 52-week low of $43.16 and a 52-week high of $78.03. The stock has a 50-day moving average of $71.88 and a 200-day moving average of $64.1. The company has a market cap of $2.800 billion and a price-to-earnings ratio of 21.22.
Bally Technologies (NYSE:BYI) last released its earnings data on Wednesday, October 30th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.07. The company had revenue of $249.30 million for the quarter, compared to the consensus estimate of $248.92 million. During the same quarter last year, the company posted $0.77 earnings per share. Bally Technologies’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Bally Technologies will post $3.94 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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