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

Key Points

• Zacks Research downgraded Brightstar Lottery (BRSL) from a "hold" to a strong sell, even as other analysts are split and the stock holds a consensus rating of Moderate Buy with an average target price of $20.00.
• BRSL opened at $12.73 (well below the $20 target); the company reported $0.36 EPS on $668 million in quarterly revenue, a market cap of ~$2.38 billion, and a P/E of 16.74.
• The balance sheet shows high leverage (debt-to-equity 2.55) and low liquidity (current ratio 0.76), yet institutional investors have accumulated sizable stakes—institutions own about 44.33% of the shares.

Brightstar Lottery (NYSE:BRSL - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on BRSL. Stifel Nicolaus cut their target price on Brightstar Lottery from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, February 19th. Weiss Ratings began coverage on Brightstar Lottery in a research report on Tuesday, February 3rd. They issued a "hold (c-)" rating on the stock. Finally, Truist Financial raised Brightstar Lottery from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Brightstar Lottery Trading Up 2.0%

NYSE BRSL opened at $12.73 on Monday. 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 1-year low of $12.43 and a 1-year high of $18.57. The company has a market capitalization of $2.38 billion, a PE ratio of 16.74 and a beta of 1.07.

Brightstar Lottery (NYSE:BRSL - Get Free Report) 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 return on equity of 9.81% and a net margin of 5.85%.The business had revenue of $668.00 million during the quarter.

Hedge Funds Weigh In On Brightstar Lottery

Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter worth $147,133,000. Brown Advisory Inc. acquired a new stake in Brightstar Lottery in the fourth quarter valued at about $44,820,000. State Street Corp bought a new position in Brightstar Lottery in the fourth quarter valued at about $29,860,000. Royce & Associates LP bought a new position in Brightstar Lottery in the fourth quarter valued at about $24,887,000. Finally, Geode Capital Management LLC acquired a new position in Brightstar Lottery during the fourth quarter worth about $19,684,000. Institutional investors own 44.33% of the company's stock.

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.

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