Susquehanna Has Lowered Expectations for Brightstar Lottery (NYSE:BRSL) Stock Price

Brightstar Lottery (NYSE:BRSL) had its target price decreased by equities research analysts at Susquehanna from $21.00 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 34.92% from the company’s current price.

BRSL has been the subject of a number of other reports. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research note on Thursday. They set a “neutral” rating and a $12.60 price target on the stock. Truist Financial lowered their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday. Jefferies Financial Group reduced their price objective on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Weiss Ratings lowered Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Stock Performance

BRSL opened at $11.12 on Thursday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 13.39 and a beta of 1.04. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 2.55. The stock has a 50 day moving average of $12.77. Brightstar Lottery has a twelve month low of $10.75 and a twelve month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 11.31% and a net margin of 6.24%.Brightstar Lottery’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts anticipate that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brightstar Lottery

Several hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at $31,000. NewEdge Advisors LLC acquired a new stake in Brightstar Lottery during the 4th quarter worth approximately $32,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $52,000. Empowered Funds LLC bought a new stake in Brightstar Lottery during the fourth quarter valued at $57,000. Finally, Quadrant Capital Group LLC acquired a new stake in Brightstar Lottery during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

About Brightstar Lottery

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.