Flutter Entertainment plc (NYSE:FLUT) Receives Average Recommendation of "Buy" from Analysts

Shares of Flutter Entertainment plc (NYSE:FLUT - Get Free Report) have received an average recommendation of "Buy" from the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Eighteen investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $311.41.

Several equities research analysts have recently issued reports on the company. UBS Group raised their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday. Barclays raised their target price on Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday. BTIG Research set a $323.00 price objective on Flutter Entertainment in a research report on Monday, February 3rd. Oppenheimer boosted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Susquehanna cut their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parvus Asset Management Europe Ltd acquired a new position in Flutter Entertainment in the fourth quarter valued at about $2,146,227,000. Norges Bank bought a new position in shares of Flutter Entertainment in the 4th quarter worth $946,681,000. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment during the third quarter worth about $849,474,000. Bank of Montreal Can increased its stake in Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after purchasing an additional 3,019,376 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at $621,680,000.

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Flutter Entertainment Stock Performance

Shares of NYSE FLUT traded down $9.19 during trading hours on Friday, hitting $248.02. 3,095,753 shares of the stock were exchanged, compared to its average volume of 1,588,790. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73. The company's 50 day moving average is $267.23 and its 200 day moving average is $251.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $44.02 billion and a P/E ratio of 1,127.38.

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.