Jefferies Analysts Reiterate a "Buy" Rating on Bally Technologies Inc. (BYI)
Friday, July 08, 2021 12:10 PM

Equities research analysts at Jefferies reiterated a "buy" rating on shares of Bally Technologies Inc. (NYSE: BYI) in a research note to investors on Friday.

Separately, analysts at Brean Murray raised their price target on shares of Bally Technologies Inc. from $48.00 to $51.00 in a research note to investors on Thursday, June 30th. They now have a "buy" rating on the stock. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Bally Technologies Inc. in a research note to investors on Thursday, April 28th.

Shares of Bally Technologies Inc. traded down 0.34% during mid-day trading on Monday, hitting $40.96. Bally Technologies Inc. has a 52 week low of $30.00 and a 52 week high of $44.46. The stock's 50-day moving average is $39.12 and its 200-day moving average is $39.22. The company has a market cap of $2.174 billion and a price-to-earnings ratio of 18.68.

Bally Technologies Inc. last announced its quarterly results on Thursday, April 28th. The company reported $0.43 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.47 EPS by $0.04. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 0.20% on a year-over-year basis. On average, analysts predict that Bally Technologies Inc. will post $0.55 EPS next quarter.

Bally Technologies, Inc. is a diversified, worldwide gaming company that designs, manufactures, operates and distributes advanced technology-based gaming devices, systems and server-based solutions. The Company offers technology solutions, which provide gaming operators with a range of marketing, data management and analysis, accounting, player tracking, security, and other software applications and tools to manage their operations. It also provides technologies to utilize a networked, server-based gaming environment. Its primary hardware technologies include spinning-reel and video gaming devices, specialty gaming devices and wide-area progressive systems for traditional land-based, riverboat and Native American casinos, video lottery and central determination markets, and specialized system-based hardware products. On June 8, 2010, the Company completed the sale of the Rainbow Casino, a dockside riverboat casino in Vicksburg, Mississippi.

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