Brightstar Lottery (NYSE:BRSL) Lowered to “Hold” Rating by Argus

Brightstar Lottery (NYSE:BRSL) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Monday, MarketBeat Ratings reports.

A number of other research firms have also commented on BRSL. Susquehanna lowered their price target on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Zacks Research lowered shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Jefferies Financial Group cut their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Price Performance

Shares of BRSL stock opened at $11.20 on Monday. The firm’s 50-day moving average is $11.74. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. Brightstar Lottery has a 1-year low of $10.42 and a 1-year high of $18.57. The stock has a market cap of $2.09 billion, a PE ratio of 13.49 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business’s revenue was up .7% compared to the same quarter last year. Analysts anticipate that Brightstar Lottery will post 0.79 EPS for the current year.

Hedge Funds Weigh In On Brightstar Lottery

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Brightstar Lottery during the fourth quarter valued at $147,133,000. Brown Advisory Inc. bought a new stake in shares of Brightstar Lottery during the 4th quarter valued at $44,820,000. State Street Corp purchased a new stake in shares of Brightstar Lottery in the 4th quarter worth about $29,860,000. Royce & Associates LP purchased a new stake in shares of Brightstar Lottery in the 4th quarter worth about $24,887,000. Finally, Geode Capital Management LLC bought a new position in shares of Brightstar Lottery in the 4th quarter worth about $19,684,000. Institutional investors 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.