Bally Technologies Coverage Initiated at Goldman Sachs Group Inc. (BYI)
Equities research analysts at Goldman Sachs Group Inc. initiated coverage on shares of Bally Technologies (NYSE:BYI) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Bally Technologies (NYSE:BYI) opened at 78.39 on Monday. Bally Technologies has a 1-year low of $45.38 and a 1-year high of $79.42. The stock’s 50-day moving average is $74.76 and its 200-day moving average is $70.63. The company has a market cap of $3.013 billion and a price-to-earnings ratio of 21.65.
Bally Technologies (NYSE:BYI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Bally Technologies will post $4.23 EPS for the current fiscal year.
A number of other firms have also recently commented on BYI. Analysts at Zacks upgraded shares of Bally Technologies from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 31st. They now have a $81.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Bally Technologies from $90.00 to $94.00 in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Bally Technologies from $84.00 to $85.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Bally Technologies has a consensus rating of “Hold” and an average price target of $84.71.
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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