Shares of International Game Technology (NYSE:IGT) have been given an average rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.70.

A number of brokerages recently commented on IGT. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Deutsche Bank began coverage on shares of International Game Technology in a research note on Tuesday, September 26th. They set a “buy” rating and a $30.00 target price for the company. Bank of America upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $30.00 in a research note on Wednesday, September 20th. Finally, Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, November 29th.

Several hedge funds have recently modified their holdings of IGT. Northern Trust Corp boosted its stake in International Game Technology by 0.3% in the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after acquiring an additional 887 shares in the last quarter. Voya Investment Management LLC boosted its stake in International Game Technology by 5.3% in the second quarter. Voya Investment Management LLC now owns 30,256 shares of the company’s stock valued at $554,000 after acquiring an additional 1,510 shares in the last quarter. Rhumbline Advisers boosted its stake in International Game Technology by 2.6% in the third quarter. Rhumbline Advisers now owns 97,671 shares of the company’s stock valued at $2,398,000 after acquiring an additional 2,516 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in International Game Technology by 101.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after acquiring an additional 2,911 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in International Game Technology by 9.6% in the third quarter. Nationwide Fund Advisors now owns 39,477 shares of the company’s stock valued at $969,000 after acquiring an additional 3,455 shares in the last quarter. Hedge funds and other institutional investors own 40.64% of the company’s stock.

International Game Technology (IGT) traded down $0.24 during trading hours on Monday, hitting $27.79. 730,000 shares of the company’s stock traded hands, compared to its average volume of 1,118,000. The firm has a market capitalization of $5,625.54, a P/E ratio of -6.18 and a beta of 1.56. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66. International Game Technology has a fifty-two week low of $17.25 and a fifty-two week high of $29.36.

International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.16. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. research analysts expect that International Game Technology will post 1.23 earnings per share for the current fiscal year.

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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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