International Game Technology PLC (NYSE:IGT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of International Game Technology PLC (NYSE:IGT) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.60.

Separately, StockNews.com raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new stake in shares of International Game Technology during the third quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Game Technology in the 2nd quarter valued at approximately $31,000. Hexagon Capital Partners LLC grew its stake in shares of International Game Technology by 26.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,798 shares of the company’s stock worth $60,000 after acquiring an additional 579 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of International Game Technology in the second quarter valued at approximately $107,000. Finally, Quarry LP lifted its position in shares of International Game Technology by 99.1% in the second quarter. Quarry LP now owns 5,460 shares of the company’s stock worth $112,000 after purchasing an additional 2,717 shares in the last quarter. Institutional investors own 44.33% of the company’s stock.

International Game Technology Stock Performance

IGT stock opened at $17.46 on Tuesday. International Game Technology has a twelve month low of $16.83 and a twelve month high of $27.27. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The company has a market cap of $3.48 billion, a P/E ratio of 29.10 and a beta of 1.92. The business’s fifty day moving average is $18.83 and its 200-day moving average is $20.38.

International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.24). The company had revenue of $587.00 million during the quarter, compared to analyst estimates of $591.50 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts forecast that International Game Technology will post 1 EPS for the current year.

International Game Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. International Game Technology’s payout ratio is 133.33%.

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.