International Game Technology PLC (NYSE:IGT) has received an average recommendation of “Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.10.
A number of analysts have commented on IGT shares. SunTrust Banks upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Credit Suisse Group reiterated a “neutral” rating on shares of International Game Technology in a report on Wednesday, March 20th. Finally, ValuEngine downgraded shares of International Game Technology from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th.
Several institutional investors have recently bought and sold shares of IGT. Norges Bank purchased a new stake in shares of International Game Technology in the 4th quarter valued at approximately $20,893,000. TIAA CREF Investment Management LLC grew its stake in shares of International Game Technology by 336.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,564,264 shares of the company’s stock valued at $30,894,000 after buying an additional 1,206,152 shares during the period. Samlyn Capital LLC grew its stake in shares of International Game Technology by 29.0% in the 4th quarter. Samlyn Capital LLC now owns 5,348,778 shares of the company’s stock valued at $78,252,000 after buying an additional 1,202,082 shares during the period. Peregrine Capital Management LLC grew its stake in shares of International Game Technology by 57.6% in the 1st quarter. Peregrine Capital Management LLC now owns 2,328,207 shares of the company’s stock valued at $30,243,000 after buying an additional 850,672 shares during the period. Finally, Deprince Race & Zollo Inc. grew its stake in shares of International Game Technology by 145.8% in the 1st quarter. Deprince Race & Zollo Inc. now owns 1,269,504 shares of the company’s stock valued at $16,491,000 after buying an additional 752,931 shares during the period. 48.99% of the stock is owned by institutional investors and hedge funds.
IGT stock traded up $0.31 during mid-day trading on Friday, reaching $14.63. The company’s stock had a trading volume of 1,544,644 shares, compared to its average volume of 2,061,090. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.20 and a beta of 1.36. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 2.90. International Game Technology has a fifty-two week low of $12.65 and a fifty-two week high of $31.00.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.11). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. International Game Technology had a negative net margin of 0.44% and a positive return on equity of 7.64%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. As a group, equities analysts forecast that International Game Technology will post 1.22 earnings per share for the current year.
International Game Technology Company Profile
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.
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