Bally’s Corporation (NYSE:BALY) Stock Has Consensus Target Price of $11.75

Shares of Bally’s Corporation (NYSE:BALY) have received an average recommendation of “Reduce” from the five ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.75.

BALY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Bally’s from a “hold” rating to a “sell” rating in a report on Sunday, August 23rd. Weiss Ratings cut shares of Bally’s from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. Barclays lowered their target price on shares of Bally’s from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 19th. Finally, Truist Financial dropped their price target on shares of Bally’s from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, August 19th.

Bally’s Trading Down 3.1%

NYSE:BALY opened at $13.00 on Friday. Bally’s has a 1 year low of $8.44 and a 1 year high of $20.74. The stock has a market cap of $656.21 million, a price-to-earnings ratio of -1.91 and a beta of 1.74. The business has a fifty day moving average of $11.51 and a 200-day moving average of $12.46. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.91.

Bally’s (NYSE:BALY) last issued its quarterly earnings results on Friday, August 14th. The company reported ($2.41) EPS for the quarter, missing analysts’ consensus estimates of ($1.08) by ($1.33). Bally’s had a negative net margin of 25.83% and a negative return on equity of 40.97%. The business had revenue of $792.23 million for the quarter, compared to analyst estimates of $789.89 million. Equities analysts predict that Bally’s will post -9.36 earnings per share for the current year.

Bally’s Company Profile

Bally’s Corporation is a gaming, hospitality and entertainment company that owns and operates casinos and resorts in the United States. Its properties typically offer casino gaming, hotel accommodations, dining, live entertainment and other leisure amenities, with locations serving regional and destination markets.

The company also operates online gaming and sports betting businesses through Bally’s Interactive. These services include online casino games, sports wagering and related digital entertainment offerings, subject to applicable regulations in the jurisdictions where they are available.