Barclays Analyst Adjusts Price Target for Ballys Corporation BALY to 20 - Best Stocks
According to analyst Brandt Montour from Barclays, he still maintains an Equal-Weight rating on Ballys (NYSE:BALY) but has lowered the price target to $20, previously $21. In the last three months, eight analysts from Wall Street have given their 12-month price targets for Bally's Corporation, with an average estimate of $21.29. The highest prediction is $35, while the lowest is $20. Currently, as of August 3, 2023, the stock price for Bally's Corporation (BALY) is at $15.20.
Debt to equity ratio: Highly recommended purchase
Price to earnings ratio: Cash out
Book value to market value ratio: Extremely favorable buy opportunity
6 o'clock in the morning (Coordinated Universal Time) on the 4th of August, 2023.
Mixed Results & Growth Forecast: Analyzing BALY Stock
The performance of BALY stock on August 4, 2023 was a bit mixed. At the start of the day, the stock opened at $15.12, slightly lower than the closing price of $15.20 from the day before. Throughout the day, its trading range spanned from $15.08 to $15.52. Notably, the stock had a volume of 51,775 shares, which was considerably lower compared to its three-month average volume of 302,412 shares.
BALY’s market value was valued at $723.1 million. The company had faced a considerable drop in earnings expansion, plummeting by -406.32% in the previous year. Nonetheless, it successfully rectified its performance this year, witnessing earnings growth of +143.45%. Unfortunately, the forecast for the upcoming five years' earnings growth remains undisclosed.
In terms of earnings, BALY experienced a significant increase of 70.57% in the previous year. The stock was valued at 0.50 times its sales and had a price-to-book ratio of 0.91.
Regrettably, there was a lack of data regarding BALY's price-to-earnings ratio (P/E ratio), which hinders the evaluation of its earnings in relation to its worth.
When we look at BALY and compare it to the others, we can see that Century Casinos Inc (CNTY) only had a slight rise of $0.01 or 0.13%. On the other hand, Everi Holdings Inc (EVRI) experienced a more significant increase of $0.31 or 2.13%.
BALY’s upcoming report is set for November 2, 2023. Analysts predict that the company's earnings per share (EPS) for the next quarter will be $0.14. In the previous year, BALY generated an annual revenue of $2.3 billion but unfortunately suffered a net loss of -$425.5 million. As a result, their net profit margin ended up being -18.87%.
Investors ought to carry out comprehensive research and examination prior to arriving at any investment determinations.
BALY Stock: Mixed Performance On Aug 4, 2023, Analysts Opt For Hold
On August 4, 2023, BALY stock had a varied performance. Eight analysts made predictions about the price of Bally's Corp for the next 12 months, with a median target of 18.50. The highest estimate was 35.00, while the lowest estimate stood at 15.00. These figures suggest a positive outlook for the stock's future, as the median estimate reflects a 21.39% increase from its previous price of 15.24.
According to a recent survey of 9 investment analysts, the prevailing view is to maintain one's investment in Bally's Corp. This rating has stayed steady since November without any alterations.
Bally’s Corp unveiled a profit of $0.14 per share during the present quarter, coupled with a remarkable revenue of $657.2 million.
In general, although experts are optimistic about Bally's Corp's stock, the prevailing agreement is to retain the stock. When making choices about BALY stock, investors should take into account the predictions made by analysts and the financial performance of the company.
