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

Brightstar Lottery (NYSE:BRSL) had its target price dropped by investment analysts at Truist Financial from $14.00 to $13.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 22.35% from the stock’s current price.

Several other research analysts also recently commented on BRSL. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brightstar Lottery in a research note on Wednesday, July 1st. They issued a “buy” rating and a $15.00 price target on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Argus lowered shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group decreased their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.77.

Brightstar Lottery Stock Down 1.1%

Shares of Brightstar Lottery stock opened at $10.62 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. The firm has a fifty day simple moving average of $11.11. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57. The company has a market cap of $1.99 billion, a P/E ratio of 12.80 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Brightstar Lottery will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRSL. Empowered Funds LLC raised its holdings in shares of Brightstar Lottery by 396.0% in the 1st quarter. Empowered Funds LLC now owns 18,134 shares of the company’s stock valued at $231,000 after purchasing an additional 14,478 shares in the last quarter. Bank of America Corp DE increased its holdings in Brightstar Lottery by 17.3% during the first quarter. Bank of America Corp DE now owns 1,031,022 shares of the company’s stock valued at $13,135,000 after buying an additional 151,839 shares during the period. Sunbelt Securities Inc. bought a new position in Brightstar Lottery in the first quarter worth approximately $194,000. Royal Bank of Canada raised its stake in Brightstar Lottery by 19.5% in the first quarter. Royal Bank of Canada now owns 71,273 shares of the company’s stock worth $908,000 after buying an additional 11,636 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Brightstar Lottery by 26.5% during the 1st quarter. Quantinno Capital Management LP now owns 26,069 shares of the company’s stock valued at $332,000 after acquiring an additional 5,454 shares in the last quarter. Hedge funds and other institutional investors own 44.33% of the company’s stock.

About Brightstar Lottery

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.