International Game Technology Target of Unusually Large Options Trading (IGT)
International Game Technology (NYSE:IGT) saw some unusual options trading on Tuesday. Investors acquired 12,673 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 357% compared to the typical volume of 2,774 call options.
IGT has been the subject of a number of recent research reports. Analysts at Argus downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 7th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Tuesday, December 3rd. They now have a $18.00 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of International Game Technology from $25.00 to $21.50 in a research note to investors on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.95.
Shares of International Game Technology (NYSE:IGT) traded up 2.08% on Tuesday, hitting $18.14. The stock had a trading volume of 7,289,183 shares. International Game Technology has a 52-week low of $14.75 and a 52-week high of $21.20. The stock has a 50-day moving average of $17.56 and a 200-day moving average of $18.46. The company has a market cap of $4.515 billion and a P/E ratio of 17.25.
International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $603.05 million. During the same quarter last year, the company posted $0.38 earnings per share. International Game Technology’s revenue was up .2% compared to the same quarter last year. Analysts expect that International Game Technology will post $1.29 EPS for the current fiscal year.
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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