Shares of International Game Technology (NYSE:IGT) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.13.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG assumed coverage on shares of International Game Technology in a research note on Tuesday, September 26th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Bank of America Corporation upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $30.00 in a research note on Wednesday, September 20th.

Several institutional investors and hedge funds have recently bought and sold shares of IGT. Renaissance Technologies LLC boosted its stake in shares of International Game Technology by 104.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock valued at $51,084,000 after purchasing an additional 1,428,700 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of International Game Technology in the 2nd quarter valued at approximately $20,764,000. FMR LLC boosted its stake in shares of International Game Technology by 37.8% in the 1st quarter. FMR LLC now owns 2,402,519 shares of the company’s stock valued at $56,940,000 after purchasing an additional 659,564 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of International Game Technology by 9.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after purchasing an additional 386,229 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of International Game Technology by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after purchasing an additional 320,244 shares in the last quarter. Institutional investors own 37.54% of the company’s stock.

International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.17). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.

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International Game Technology Company Profile

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.

Analyst Recommendations for International Game Technology (NYSE:IGT)

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