International Game Technology Receives “Neutral” Rating from Zacks (IGT)
International Game Technology (NYSE:IGT)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Monday. They currently have a $15.00 price objective on the stock. Zacks‘s target price suggests a potential downside of 5.42% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of International Game Technology in a research note on Monday, June 2nd. They now have a $11.00 price target on the stock, down previously from $12.00. Separately, analysts at Ned Davis Research upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of International Game Technology in a research note on Wednesday, April 23rd. They now have a $12.00 price target on the stock, down previously from $13.00. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.21.
Shares of International Game Technology (NYSE:IGT) traded down 1.01% on Monday, hitting $15.70. The stock had a trading volume of 5,837,796 shares. International Game Technology has a 52-week low of $12.14 and a 52-week high of $21.20. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $14.94. The company has a market cap of $3.878 billion and a P/E ratio of 17.41.
International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, April 22nd. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $512.80 million for the quarter, compared to the consensus estimate of $498.14 million. During the same quarter last year, the company posted $0.36 earnings per share. International Game Technology’s revenue was down 14.5% compared to the same quarter last year. Analysts expect that International Game Technology will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, June 26th.
International Game Technology (NYSE: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.
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