Flutter Entertainment plc (NYSE:FLUT) Receives $246.44 Consensus Price Target from Brokerages

Flutter Entertainment plc (NYSE:FLUT) has been given an average rating of “Buy” by the twelve research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $246.44.

FLUT has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Flutter Entertainment in a research note on Thursday, August 22nd. They set an “overweight” rating and a $247.00 target price for the company. Oppenheimer boosted their target price on shares of Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a research note on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and issued a $255.00 price target on shares of Flutter Entertainment in a research note on Wednesday, August 14th. Finally, JMP Securities upped their price target on shares of Flutter Entertainment from $246.00 to $255.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 14th.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Flutter Entertainment during the first quarter valued at approximately $1,272,000. Nordea Investment Management AB purchased a new stake in Flutter Entertainment in the 1st quarter worth approximately $1,656,000. Capital International Ltd. CA purchased a new stake in Flutter Entertainment in the 1st quarter worth approximately $2,180,000. Swiss National Bank purchased a new stake in Flutter Entertainment in the 1st quarter worth approximately $119,485,000. Finally, Vanguard Group Inc. purchased a new stake in Flutter Entertainment in the 1st quarter worth approximately $1,578,442,000.

Flutter Entertainment Stock Up 1.3 %

Shares of NYSE:FLUT opened at $224.34 on Friday. Flutter Entertainment has a fifty-two week low of $148.00 and a fifty-two week high of $226.40. The firm has a 50-day simple moving average of $203.91 and a 200 day simple moving average of $199.89.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. As a group, analysts expect that Flutter Entertainment will post 4.75 EPS for the current fiscal year.

About Flutter Entertainment

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.