BidaskClub upgraded shares of International Game Technology (NYSE:IGT) from a sell rating to a hold rating in a research note released on Monday, July 24th.
IGT has been the subject of a number of other research reports. Wells Fargo & Company reiterated a market perform rating and issued a $25.50 price objective on shares of International Game Technology in a research report on Wednesday, April 19th. Telsey Advisory Group decreased their price objective on shares of International Game Technology from $31.00 to $27.00 and set an outperform rating for the company in a research report on Friday, May 26th. Bank of America Corporation reissued a neutral rating and set a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, ValuEngine cut shares of International Game Technology from a buy rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. International Game Technology currently has an average rating of Hold and a consensus price target of $27.38.
International Game Technology (IGT) opened at 19.48 on Monday. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The stock’s market cap is $3.95 billion. The company’s 50-day moving average price is $19.12 and its 200-day moving average price is $22.06.
International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts forecast that International Game Technology will post $1.14 EPS for the current fiscal year.
WARNING: “BidaskClub Upgrades International Game Technology (NYSE:IGT) to “Hold”” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/12/international-game-technology-nyseigt-upgraded-to-hold-by-bidaskclub-updated-updated.html.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Friday, August 11th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 annualized dividend and a yield of 4.11%. International Game Technology’s payout ratio is -142.86%.
Several institutional investors have recently modified their holdings of IGT. State Street Corp raised its position in shares of International Game Technology by 1.8% in the fourth quarter. State Street Corp now owns 1,102,633 shares of the company’s stock valued at $28,141,000 after buying an additional 19,611 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of International Game Technology during the fourth quarter valued at approximately $212,000. UBS Asset Management Americas Inc. raised its position in shares of International Game Technology by 30.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 143,715 shares of the company’s stock valued at $3,667,000 after buying an additional 33,664 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of International Game Technology by 11.0% in the fourth quarter. Macquarie Group Ltd. now owns 257,548 shares of the company’s stock valued at $6,573,000 after buying an additional 25,448 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of International Game Technology by 0.6% in the first quarter. Bank of Montreal Can now owns 70,886 shares of the company’s stock valued at $1,680,000 after buying an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.
About International Game Technology
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.
What are top analysts saying about International Game Technology? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for International Game Technology and related companies.