Shares of International Game Technology (NYSE:IGT) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of research analysts recently commented on the company. Wells Fargo & Company reissued a “market perform” rating and issued a $25.50 target price on shares of International Game Technology in a research note on Wednesday, April 19th. BidaskClub raised International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday. Telsey Advisory Group reduced their target price on International Game Technology from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, May 26th. Bank of America Corporation reissued a “neutral” rating and issued a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Shares of International Game Technology (NYSE:IGT) traded up 4.70% on Monday, reaching $19.59. The company had a trading volume of 2,606,709 shares. The stock has a market cap of $3.97 billion, a PE ratio of 15.89 and a beta of 1.41. The stock has a 50-day moving average price of $18.38 and a 200-day moving average price of $22.66. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07.

International Game Technology (NYSE:IGT) last released its earnings results on Thursday, May 25th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.19. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. International Game Technology had a net margin of 4.96% and a return on equity of 11.97%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Analysts predict that International Game Technology will post $1.55 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mittleman Brothers LLC boosted its position in shares of International Game Technology by 8.8% in the first quarter. Mittleman Brothers LLC now owns 1,729,836 shares of the company’s stock worth $40,997,000 after buying an additional 139,578 shares during the period. Blue Sky Asset Management LLC bought a new position in shares of International Game Technology during the first quarter worth about $588,000. Oxford Asset Management bought a new position in shares of International Game Technology during the first quarter worth about $1,448,000. Koch Industries Inc. bought a new position in shares of International Game Technology during the first quarter worth about $219,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of International Game Technology by 30.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 143,715 shares of the company’s stock worth $3,667,000 after buying an additional 33,664 shares during the period. 39.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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