Bally's (NYSE:BALY - Free Report) had its price target reduced by Truist Financial from $15.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.
A number of other analysts also recently weighed in on the stock. Barclays reduced their target price on shares of Bally's from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $15.75.
View Our Latest Analysis on Bally's
Bally's Price Performance
NYSE BALY traded down $0.19 on Wednesday, reaching $9.81. The company had a trading volume of 49,133 shares, compared to its average volume of 296,228. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.72 and a current ratio of 0.75. The firm's 50 day moving average price is $10.22 and its 200 day moving average price is $13.90. Bally's has a 12 month low of $8.46 and a 12 month high of $18.98.
Institutional Investors Weigh In On Bally's
Several hedge funds have recently modified their holdings of BALY. BNP Paribas Financial Markets purchased a new stake in Bally's during the fourth quarter valued at approximately $58,000. Intech Investment Management LLC acquired a new position in Bally's during the 4th quarter valued at approximately $196,000. Spirepoint Private Client LLC acquired a new position in Bally's during the 1st quarter valued at approximately $246,000. Two Sigma Advisers LP acquired a new stake in shares of Bally's in the fourth quarter worth $250,000. Finally, Wells Fargo & Company MN increased its stake in shares of Bally's by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock worth $251,000 after acquiring an additional 860 shares during the period. Hedge funds and other institutional investors own 70.41% of the company's stock.
Bally's Company Profile
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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.
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