Flutter Entertainment (NYSE:FLUT) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm issued an overweight rating and a $263.00 price objective on the stock.

Several other research firms have also issued reports on FLUT. JMP Securities raised their price target on shares of Flutter Entertainment from $246.00 to $255.00 and gave the stock a market outperform rating in a report on Wednesday, August 14th. Benchmark restated a buy rating and issued a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday, August 14th. Morgan Stanley started coverage on Flutter Entertainment in a report on Thursday, August 22nd. They set an overweight rating and a $247.00 price target for the company. Oppenheimer boosted their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the company an outperform rating in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company raised their target price on Flutter Entertainment from $218.00 to $224.00 and gave the stock an equal weight rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $246.44.

Flutter Entertainment Stock Down 0.3 %

FLUT stock opened at $219.50 on Thursday. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40. The company has a fifty day moving average price of $202.85 and a 200-day moving average price of $199.99.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. On average, equities research analysts anticipate that Flutter Entertainment will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of FLUT. Capital World Investors acquired a new stake in Flutter Entertainment in the 1st quarter valued at $2,880,796,000. Capital Research Global Investors acquired a new position in shares of Flutter Entertainment during the first quarter valued at about $2,418,032,000. Vanguard Group Inc. bought a new stake in shares of Flutter Entertainment during the first quarter worth about $1,578,442,000. Hsbc Holdings PLC raised its holdings in shares of Flutter Entertainment by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company’s stock worth $1,131,079,000 after acquiring an additional 608,003 shares during the last quarter. Finally, Capital International Investors acquired a new stake in shares of Flutter Entertainment in the 1st quarter worth about $507,170,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.