International Game Technology PLC (NYSE:IGT) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.10.

Separately, ValuEngine upgraded International Game Technology from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th.

International Game Technology stock traded down $0.13 during midday trading on Tuesday, hitting $13.06. The stock had a trading volume of 1,932,130 shares, compared to its average volume of 2,808,228. The stock has a fifty day moving average of $13.33. The stock has a market capitalization of $2.67 billion, a P/E ratio of 13.33, a PEG ratio of 1.05 and a beta of 1.28. International Game Technology has a 52-week low of $12.11 and a 52-week high of $21.94. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 2.87.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.13. International Game Technology had a positive return on equity of 8.51% and a negative net margin of 0.72%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that International Game Technology will post 1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.80 annualized dividend and a yield of 6.13%. International Game Technology’s payout ratio is 81.63%.

Hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC boosted its position in shares of International Game Technology by 151.2% during the 1st quarter. Cerebellum GP LLC now owns 24,633 shares of the company’s stock valued at $320,000 after acquiring an additional 14,827 shares during the last quarter. Stifel Financial Corp bought a new position in shares of International Game Technology during the 4th quarter valued at approximately $295,000. Lazard Asset Management LLC boosted its position in shares of International Game Technology by 33.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,971,479 shares of the company’s stock valued at $51,588,000 after acquiring an additional 988,705 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of International Game Technology by 12.9% during the 4th quarter. Geode Capital Management LLC now owns 275,492 shares of the company’s stock valued at $4,029,000 after acquiring an additional 31,499 shares during the last quarter. Finally, Knott David M bought a new position in shares of International Game Technology during the 1st quarter valued at approximately $1,494,000. Institutional investors and hedge funds own 41.76% of the company’s stock.

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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Analyst Recommendations for International Game Technology (NYSE:IGT)

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