Flutter Entertainment (NYSE:FLUT) Receives "Outperform" Rating from Macquarie

Flutter Entertainment (NYSE:FLUT - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Macquarie in a report released on Wednesday,Benzinga reports. They presently have a $340.00 price target on the stock. Macquarie's target price would indicate a potential upside of 37.08% from the company's current price.

A number of other equities analysts have also weighed in on FLUT. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a "buy" rating and a $320.00 target price for the company. Oppenheimer raised their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Barclays raised their price target on Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday. Craig Hallum raised their price target on Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Benchmark raised their target price on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of "Buy" and an average price target of $311.41.

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Flutter Entertainment Stock Performance

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

Institutional Trading of Flutter Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of FLUT. Jennison Associates LLC bought a new stake in Flutter Entertainment during the 4th quarter valued at $239,306,000. Vestcor Inc purchased a new position in Flutter Entertainment during the 3rd quarter valued at about $815,000. DJE Kapital AG bought a new position in Flutter Entertainment during the 4th quarter valued at approximately $442,000. Benson Investment Management Company Inc. purchased a new stake in Flutter Entertainment in the 4th quarter worth approximately $5,116,000. Finally, Sanctuary Advisors LLC purchased a new stake in Flutter Entertainment in the 3rd quarter worth approximately $802,000.

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.