Bally Technologies Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:BYI)
Bally Technologies (NYSE:BYI) has earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Analyst Ratings Network reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $77.24.
Shares of Bally Technologies (NYSE:BYI) opened at 77.69 on Thursday. Bally Technologies has a 52 week low of $56.50 and a 52 week high of $84.66. The stock’s 50-day moving average is $68.14 and its 200-day moving average is $65.54. The company has a market cap of $3.001 billion and a price-to-earnings ratio of 24.53.
A number of research firms have recently commented on BYI. Analysts at Stifel Nicolaus downgraded shares of Bally Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 6th. They now have a $87.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of Bally Technologies in a research note on Tuesday, August 5th. Finally, analysts at BMO Capital Markets downgraded shares of Bally Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, August 4th. They now have a $83.00 price target on the stock, down previously from $85.00.
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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