International Game Technology PLC (NYSE:IGT – Get Rating) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.80.
Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded International Game Technology from a “hold” rating to a “buy” rating and decreased their objective price for the company from $30.00 to $26.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their objective price on International Game Technology from $39.00 to $37.00 in a research note on Wednesday. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group lifted their objective price on International Game Technology from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, March 2nd.
A number of large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of International Game Technology in the first quarter valued at about $34,000. Steward Partners Investment Advisory LLC grew its stake in shares of International Game Technology by 100.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,200 shares of the company’s stock valued at $35,000 after buying an additional 600 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of International Game Technology in the third quarter valued at about $54,000. National Bank of Canada FI acquired a new stake in shares of International Game Technology in the fourth quarter valued at about $60,000. Finally, PNC Financial Services Group Inc. Its stake grew in shares of International Game Technology by 19.9% in the third quarter. PNC Financial Services Group Inc. Now owns 3,612 shares of the company’s stock valued at $96,000 after buying an additional 600 shares in the last quarter. Institutional investors own 44.33% of the company’s stock.
NYSE IGT opened at $20.18 on Friday. International Game Technology has a 52 week low of $17.27 and a 52 week high of $32.95. The company has a quick ratio of 1.20, a current ratio of 1.43 and a debt-to-equity ratio of 3.51. The business’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $26.42. The firm has a market cap of $4.11 billion, a PE ratio of 8.85 and a beta of 1.93.
International Game Technology (NYSE: IGT – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. International Game Technology had a return on equity of 3.35% and a net margin of 11.37%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. Research analysts expect that International Game Technology will post 1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Tuesday, May 24th will be given a $0.20 dividend. The ex-dividend date is Monday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 3.96%. International Game Technology’s dividend payout ratio is currently 35.09%.
International Game Technology Company Profile (Get Rating)
International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.
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