Brightstar Lottery (NYSE:BRSL) Stock Rating Upgraded by Zacks Research

Brightstar Lottery (NYSE:BRSL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

BRSL has been the topic of several other research reports. Jefferies Financial Group decreased their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Truist Financial raised Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Finally, Stifel Nicolaus dropped their price objective on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.00.

Brightstar Lottery Stock Up 0.7%

Shares of Brightstar Lottery stock traded up $0.10 on Tuesday, reaching $13.04. The company’s stock had a trading volume of 182,438 shares, compared to its average volume of 1,442,335. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72. Brightstar Lottery has a 52-week low of $12.02 and a 52-week high of $18.57. The firm has a market capitalization of $2.44 billion, a P/E ratio of 17.15 and a beta of 1.11. The business has a 50-day simple moving average of $12.95.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.36 EPS for the quarter. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The firm had revenue of $668.00 million during the quarter. Sell-side analysts forecast that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Brightstar Lottery

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $147,133,000. Brown Advisory Inc. acquired a new position in Brightstar Lottery during the fourth quarter worth $44,820,000. State Street Corp acquired a new position in Brightstar Lottery during the fourth quarter worth $29,860,000. Royce & Associates LP purchased a new position in Brightstar Lottery during the fourth quarter worth $24,887,000. Finally, Geode Capital Management LLC purchased a new position in Brightstar Lottery during the fourth quarter worth $19,684,000. 44.33% of the stock is owned by institutional investors and hedge funds.

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.