International Game Technology (NYSE:IGT) had its price target hoisted by analysts at Deutsche Bank AG to $34.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 19.26% from the company’s current price.
Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of International Game Technology from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $30.00 in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.63.
International Game Technology (IGT) opened at $28.51 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66. International Game Technology has a twelve month low of $17.25 and a twelve month high of $29.36. The firm has a market cap of $5,770.00 and a P/E ratio of 16.59.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. analysts anticipate that International Game Technology will post 1.13 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its position in International Game Technology by 101.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after buying an additional 2,911 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after purchasing an additional 1,398 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of International Game Technology by 14.4% in the second quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock worth $210,000 after purchasing an additional 1,445 shares during the period. Sigma Planning Corp bought a new position in shares of International Game Technology in the third quarter worth approximately $214,000. Finally, Cadence Capital Management LLC boosted its position in shares of International Game Technology by 18.2% in the second quarter. Cadence Capital Management LLC now owns 12,670 shares of the company’s stock worth $232,000 after purchasing an additional 1,948 shares during the period. Institutional investors own 39.03% 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.
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.