Bally's (NYSE:BALY - Get Free Report) had its price target cut by investment analysts at Barclays from $13.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 10.89% from the company's previous close.
A number of other research firms have also recently commented on BALY. Wall Street Zen cut Bally's from a "hold" rating to a "sell" rating in a report on Saturday. Stifel Nicolaus decreased their price objective on Bally's from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday. Macquarie cut their target price on Bally's from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Truist Financial cut their target price on Bally's from $15.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.00.
Read Our Latest Analysis on BALY
Bally's Trading Down 0.3%
BALY opened at $9.92 on Wednesday. Bally's has a one year low of $8.45 and a one year high of $23.20. The stock has a market capitalization of $486.18 million, a PE ratio of -0.85 and a beta of 1.86. The business's 50 day moving average price is $9.91 and its 200 day moving average price is $12.87. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.72 and a current ratio of 0.75.
Hedge Funds Weigh In On Bally's
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Bally's in the second quarter valued at $33,000. BNP Paribas Financial Markets acquired a new position in Bally's in the fourth quarter valued at $58,000. Wolverine Asset Management LLC boosted its stake in Bally's by 35.8% in the second quarter. Wolverine Asset Management LLC now owns 16,468 shares of the company's stock valued at $158,000 after acquiring an additional 4,345 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in Bally's in the first quarter valued at $246,000. Finally, Two Sigma Advisers LP acquired a new position in Bally's in the fourth quarter valued at $250,000. Hedge funds and other institutional investors own 70.41% of the company's stock.
Bally's Company Profile
(
Get Free Report)
Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.
Further Reading

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