International Game Technology Stock Rating Reaffirmed by Sterne Agee (IGT)
International Game Technology (NYSE:IGT)‘s stock had its “buy” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a $25.00 target price on the stock, up from their previous target price of $23.00. Sterne Agee’s target price points to a potential upside of 23.03% from the company’s current price.
IGT has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of International Game Technology (NYSE:IGT) from $20.00 to $22.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology (NYSE:IGT) in a research note to investors on Friday, August 30th. They now have a $20.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of International Game Technology (NYSE:IGT) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th.
Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. International Game Technology presently has an average rating of “Hold” and a consensus target price of $19.74.
International Game Technology (NYSE:IGT) opened at 20.66 on Monday. International Game Technology has a 1-year low of $12.37 and a 1-year high of $20.94. The stock has a 50-day moving average of $19.14 and a 200-day moving average of $17.68. The company has a market cap of $5.388 billion and a P/E ratio of 18.24.
International Game Technology (NYSE:IGT) last released its earnings data on Tuesday, July 23rd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $584.30 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that International Game Technology will post $1.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, September 17th. This is a positive change from International Game Technology’s previous quarterly dividend of $0.09.
International Game Technology (NYSE:IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.
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