Jefferies Financial Group Issues Pessimistic Forecast for Brightstar Lottery (NYSE:BRSL) Stock Price

Brightstar Lottery (NYSE:BRSL) had its price objective lowered by research analysts at Jefferies Financial Group from $15.00 to $14.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 14.15% from the company’s current price.

BRSL has been the subject of a number of other reports. Truist Financial raised shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings assumed coverage on shares of Brightstar Lottery in a research report on Tuesday, February 3rd. They set a “hold (c-)” rating for the company. Stifel Nicolaus lowered their price target on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Zacks Research cut shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.00.

Brightstar Lottery Price Performance

Shares of NYSE BRSL opened at $12.27 on Monday. Brightstar Lottery has a 1 year low of $12.19 and a 1 year high of $18.57. The stock has a market cap of $2.29 billion, a PE ratio of 16.14 and a beta of 1.11. The company’s 50-day simple moving average is $13.25. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.72 and a current ratio of 0.76.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The company had revenue of $668.00 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BRSL. Lazard Asset Management LLC purchased a new position in shares of Brightstar Lottery during the fourth quarter valued at approximately $147,133,000. Brown Advisory Inc. purchased a new position in shares of Brightstar Lottery during the fourth quarter valued at approximately $44,820,000. State Street Corp bought a new stake in Brightstar Lottery during the fourth quarter valued at approximately $29,860,000. Royce & Associates LP bought a new stake in Brightstar Lottery during the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC bought a new stake in Brightstar Lottery during the fourth quarter valued at approximately $19,684,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.