Flutter Entertainment (NYSE:FLUT - Free Report) had its price target upped by Barclays from $275.00 to $301.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.
FLUT has been the topic of several other research reports. Moffett Nathanson upped their price target on Flutter Entertainment from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Benchmark reaffirmed a "buy" rating and set a $265.00 price target on shares of Flutter Entertainment in a research note on Monday, October 14th. JMP Securities upped their price target on Flutter Entertainment from $255.00 to $287.00 and gave the company a "market outperform" rating in a research note on Monday, October 14th. Morgan Stanley began coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They set an "overweight" rating and a $247.00 price target on the stock. Finally, Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $296.08.
View Our Latest Analysis on FLUT
Flutter Entertainment Price Performance
Flutter Entertainment stock traded up $17.37 on Wednesday, reaching $265.54. The company's stock had a trading volume of 3,531,973 shares, compared to its average volume of 1,124,149. The business's fifty day moving average price is $230.80 and its 200 day moving average price is $208.67. Flutter Entertainment has a twelve month low of $149.00 and a twelve month high of $266.22.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.41 billion. Equities research analysts forecast that Flutter Entertainment will post 4.72 earnings per share for the current fiscal year.
Flutter Entertainment announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to purchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of Flutter Entertainment during the second quarter worth about $37,000. CWM LLC acquired a new position in Flutter Entertainment during the second quarter valued at approximately $40,000. US Bancorp DE boosted its position in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after purchasing an additional 99 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Flutter Entertainment during the third quarter valued at approximately $82,000. Finally, Hilltop National Bank acquired a new position in Flutter Entertainment during the second quarter valued at approximately $101,000.
Flutter Entertainment Company Profile
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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.
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