Shares of International Game Technology PLC (NYSE:IGT) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $24.00.
IGT has been the subject of a number of analyst reports. Telsey Advisory Group lifted their price target on International Game Technology PLC from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Bank of America Corp. reiterated a “buy” rating on shares of International Game Technology PLC in a research note on Wednesday, June 22nd. Finally, Argus started coverage on shares of International Game Technology PLC in a research report on Friday, September 16th. They set a “buy” rating and a $30.00 target price on the stock.
International Game Technology PLC (NYSE:IGT) traded down 0.59% during mid-day trading on Tuesday, reaching $26.98. The company’s stock had a trading volume of 779,384 shares. International Game Technology PLC has a 52-week low of $12.48 and a 52-week high of $27.44. The firm has a 50 day moving average price of $24.53 and a 200 day moving average price of $20.55. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 89.63 and a beta of 2.01.
International Game Technology PLC (NYSE:IGT) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. International Game Technology PLC had a net margin of 1.18% and a return on equity of 12.44%. International Game Technology PLC’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts anticipate that International Game Technology PLC will post $1.90 earnings per share for the current year.
Several large investors have recently bought and sold shares of IGT. BNP Paribas Arbitrage SA boosted its stake in International Game Technology PLC by 23.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,570 shares of the company’s stock worth $123,000 after buying an additional 1,259 shares during the period. Synovus Financial Corp boosted its stake in International Game Technology PLC by 0.5% in the second quarter. Synovus Financial Corp now owns 8,686 shares of the company’s stock worth $166,000 after buying an additional 44 shares during the period. Commonwealth Equity Services Inc bought a new stake in International Game Technology PLC during the second quarter worth approximately $195,000. Paloma Partners Management Co bought a new stake in International Game Technology PLC during the second quarter worth approximately $210,000. Finally, Osborn Rohs Williams & Donohoe Ltd bought a new stake in International Game Technology PLC during the third quarter worth approximately $242,000. 32.70% of the stock is currently owned by institutional investors.
International Game Technology PLC Company Profile
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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