Shares of Bally’s Co. (NYSE:BALY – Get Free Report) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.14.
A number of equities analysts have weighed in on BALY shares. Truist Financial reissued a “hold” rating and set a $18.25 price objective (up previously from $16.00) on shares of Bally’s in a research note on Friday, July 26th. Stifel Nicolaus lifted their target price on Bally’s from $14.00 to $18.25 and gave the company a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company upgraded Bally’s from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $11.00 to $18.25 in a research report on Monday, July 29th. Jefferies Financial Group lifted their target price on Bally’s from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, TD Cowen restated a “hold” rating and issued a $18.25 target price (up previously from $15.00) on shares of Bally’s in a research report on Friday, July 26th.
View Our Latest Report on BALY
Institutional Investors Weigh In On Bally’s
Bally’s Stock Performance
Shares of NYSE:BALY opened at $17.50 on Thursday. The business’s 50 day moving average price is $17.24 and its 200-day moving average price is $14.64. The firm has a market capitalization of $711.03 million, a PE ratio of -1.58 and a beta of 2.08. The company has a debt-to-equity ratio of 9.28, a current ratio of 0.60 and a quick ratio of 0.58. Bally’s has a 1 year low of $7.28 and a 1 year high of $18.00.
Bally’s (NYSE:BALY – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($1.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.47) by $0.23. The company had revenue of $621.66 million for the quarter, compared to analyst estimates of $641.17 million. Bally’s had a negative return on equity of 51.13% and a negative net margin of 22.52%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.25) earnings per share. As a group, equities research analysts expect that Bally’s will post -5.32 earnings per share for the current fiscal year.
About Bally’s
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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