Analysts Set Brightstar Lottery (NYSE:BRSL) Price Target at $15.67

Shares of Brightstar Lottery (NYSE:BRSL) have received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.92.

BRSL has been the subject of several recent analyst reports. Jefferies Financial Group dropped their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. BNP Paribas Exane initiated coverage on Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price for the company. Susquehanna dropped their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. Finally, Stifel Nicolaus restated 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.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $31,000. NewEdge Advisors LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $32,000. Knott David M Jr bought a new stake in shares of Brightstar Lottery during the first quarter valued at approximately $32,000. Rockefeller Capital Management L.P. bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $52,000. Finally, Empowered Funds LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Trading Down 2.5%

BRSL opened at $10.63 on Wednesday. Brightstar Lottery has a 12 month low of $10.57 and a 12 month high of $18.57. The stock has a 50-day moving average of $12.56. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 12.80 and a beta of 1.04. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The business had revenue of $587.00 million for the quarter. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Thursday, May 28th. Brightstar Lottery’s payout ratio is 110.84%.

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.