International Game Technology Price Target Increased to $19.00 by Analysts at UBS AG (IGT)
Equities researchers at UBS AG increased their price objective on shares of International Game Technology (NYSE:IGT) from $17.00 to $19.00 in a research report issued on Tuesday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target points to a potential upside of 4.51% from the company’s current price.
International Game Technology (NYSE:IGT) traded down 2.36% on Tuesday, hitting $18.18. The stock had a trading volume of 5,095,407 shares. International Game Technology has a 52-week low of $12.37 and a 52-week high of $21.20. The stock has a 50-day moving average of $19.66 and a 200-day moving average of $18.0. The company has a market cap of $4.741 billion and a price-to-earnings ratio of 16.71.
International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that International Game Technology will post $1.31 EPS for the current fiscal year.
IGT has been the subject of a number of other recent research reports. Analysts at Sterne Agee reiterated a “buy” rating on shares of International Game Technology in a research note to investors on Monday, September 16th. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at BMO Capital Markets raised their price target on shares of International Game Technology 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Friday, August 30th. They now have a $20.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.03.
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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