Bally’s Corporation (NYSE:BALY) Stock Has Average Target Price of $11.75 According to Brokerages

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

A number of equities research analysts recently commented on BALY shares. Wall Street Zen lowered Bally’s from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. Truist Financial reduced their price target on shares of Bally’s from $15.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, August 19th. Weiss Ratings lowered shares of Bally’s from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. Finally, Barclays decreased their price objective on shares of Bally’s from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, August 19th.

Bally’s Stock Down 1.2%

Shares of BALY stock opened at $13.43 on Friday. The stock’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $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. The firm has a market capitalization of $678.01 million, a PE ratio of -1.98 and a beta of 1.74. Bally’s has a fifty-two week low of $8.44 and a fifty-two week high of $20.74.

Bally’s (NYSE:BALY) last announced its quarterly earnings data on Friday, August 14th. The company reported ($2.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.08) by ($1.33). Bally’s had a negative return on equity of 40.97% and a negative net margin of 25.83%. The firm had revenue of $792.23 million during the quarter, compared to analysts’ expectations of $789.89 million. Equities analysts expect 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.