Jefferies Financial Group Has Lowered Expectations for Brightstar Lottery (NYSE:BRSL) Stock Price

Key Points

• Jefferies cut its target for Brightstar Lottery from $15 to $14 and maintained a "hold" rating, implying roughly an 11.42% upside from the prior close.
• Analyst views are mixed—one Strong Buy, one Buy, two Holds and one Sell—resulting in a MarketBeat consensus of "Hold" with an average price target of $17.
• Shares traded at $12.57 (down ~1.3%), the company has a $2.35B market cap and a PE of 16.55, reported $0.36 EPS on $668M revenue last quarter, and about 44% of the stock is held by institutions after recent large stake additions.

Brightstar Lottery (NYSE:BRSL - Get Free Report) had its target price cut by equities research analysts at Jefferies Financial Group from $15.00 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 11.42% from the company's previous close.

Several other research analysts have also commented on the company. Weiss Ratings started coverage on Brightstar Lottery in a research report on Tuesday, February 3rd. They set a "hold (c-)" rating on the stock. Stifel Nicolaus reduced their price target on shares of Brightstar Lottery from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, February 19th. Truist Financial raised shares of Brightstar Lottery from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 3rd. Finally, Zacks Research lowered shares of Brightstar Lottery from a "hold" rating to a "strong sell" rating in a research note on Monday, March 30th. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.00.

Brightstar Lottery Stock Down 1.3%

Brightstar Lottery stock traded down $0.17 during mid-day trading on Monday, hitting $12.57. The company had a trading volume of 239,926 shares, compared to its average volume of 1,502,780. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.72 and a current ratio of 0.76. Brightstar Lottery has a 1 year low of $12.41 and a 1 year high of $18.57. The business has a fifty day moving average of $13.29. The stock has a market cap of $2.35 billion, a PE ratio of 16.55 and a beta of 1.11.

Brightstar Lottery (NYSE:BRSL - Get Free Report) last issued its earnings results on Sunday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The business had revenue of $668.00 million during the quarter.

Hedge Funds Weigh In On Brightstar Lottery

A number of institutional investors and hedge funds have recently made changes to their positions in BRSL. Lazard Asset Management LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter valued at approximately $147,133,000. Brown Advisory Inc. purchased a new stake in shares of Brightstar Lottery in the 4th quarter worth about $44,820,000. State Street Corp purchased a new position in Brightstar Lottery during the 4th quarter valued at about $29,860,000. Royce & Associates LP acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter worth approximately $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.