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Stock analysts at JPMorgan Chase & Co. hoisted their price objective on shares of Bally Technologies (NYSE:BYI) from $85.00 to $89.00 in a report issued on Friday, Analyst Ratings.Net reports. JPMorgan Chase & Co.’s price target would suggest a potential upside of 28.06% from the stock’s previous close.

A number of other analysts have also recently weighed in on BYI. Analysts at Thomson Reuters/Verus upgraded shares of Bally Technologies from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 27th. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Bally Technologies in a research note to investors on Monday, January 6th. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Bally Technologies has an average rating of “Hold” and an average target price of $85.29.

Shares of Bally Technologies (NYSE:BYI) traded down 4.02% on Friday, hitting $69.50. The stock had a trading volume of 1,985,366 shares. Bally Technologies has a 52 week low of $47.00 and a 52 week high of $82.67. The stock has a 50-day moving average of $76.90 and a 200-day moving average of $73.54. The company has a market cap of $2.671 billion and a price-to-earnings ratio of 19.83.

Bally Technologies (NYSE:BYI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.05. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $300.21 million. During the same quarter last year, the company posted $0.80 earnings per share. Bally Technologies’s revenue was up 19.7% compared to the same quarter last year. Analysts expect that Bally Technologies will post $4.21 EPS 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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