Shares of International Game Technology PLC (NYSE:IGT – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.00.
IGT has been the subject of several recent analyst reports. Stifel Nicolaus raised International Game Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $24.00 to $26.00 in a report on Thursday, May 30th. B. Riley initiated coverage on shares of International Game Technology in a research report on Friday, April 5th. They set a “buy” rating and a $30.00 target price on the stock. Argus cut their price target on shares of International Game Technology from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Susquehanna lowered their price objective on shares of International Game Technology from $40.00 to $33.00 and set a “positive” rating for the company in a research note on Thursday, May 16th. Finally, StockNews.com raised International Game Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday.
Get Our Latest Stock Report on IGT
Hedge Funds Weigh In On International Game Technology
International Game Technology Trading Up 0.4 %
IGT opened at $20.07 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 2.59. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 19.11 and a beta of 1.94. International Game Technology has a 12 month low of $18.90 and a 12 month high of $33.99. The stock has a fifty day moving average price of $20.29 and a 200-day moving average price of $23.26.
International Game Technology (NYSE:IGT – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.17. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. International Game Technology had a net margin of 4.98% and a return on equity of 20.84%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, equities research analysts anticipate that International Game Technology will post 1.53 earnings per share for the current fiscal year.
International Game Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. International Game Technology’s dividend payout ratio is presently 76.19%.
International Game Technology Company Profile
International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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, as well as iLottery solutions and services.
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