International Game Technology (NYSE:IGT – Free Report) had its target price hoisted by Stifel Nicolaus from $26.00 to $30.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.
Several other equities analysts have also weighed in on the company. Truist Financial cut their price target on International Game Technology from $26.00 to $23.00 and set a hold rating for the company in a research note on Wednesday, May 15th. Susquehanna reduced their target price on International Game Technology from $40.00 to $33.00 and set a positive rating for the company in a research note on Thursday, May 16th. StockNews.com cut shares of International Game Technology from a strong-buy rating to a buy rating in a research note on Friday, July 5th. Finally, B. Riley restated a buy rating and set a $30.00 price objective on shares of International Game Technology in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, International Game Technology has an average rating of Moderate Buy and an average price target of $28.67.
View Our Latest Report on International Game Technology
International Game Technology Stock Performance
International Game Technology (NYSE:IGT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. International Game Technology had a return on equity of 19.95% and a net margin of 4.89%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $0.45 earnings per share. International Game Technology’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that International Game Technology will post 1.43 earnings per share for the current year.
International Game Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, August 13th. International Game Technology’s dividend payout ratio (DPR) is 76.19%.
Hedge Funds Weigh In On International Game Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new position in shares of International Game Technology during the 4th quarter worth $25,000. Highlander Capital Management LLC acquired a new position in shares of International Game Technology during the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC acquired a new position in shares of International Game Technology during the 4th quarter valued at about $38,000. Blue Trust Inc. acquired a new position in shares of International Game Technology during the 2nd quarter valued at about $44,000. Finally, General Partner Inc. acquired a new position in shares of International Game Technology during the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 44.33% of the company’s stock.
International Game Technology Company Profile
International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.
Recommended Stories
- Five stocks we like better than International Game Technology
- What is a buyback in stocks? A comprehensive guide for investors
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- What is the Shanghai Stock Exchange Composite Index?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- MarketBeat Week in Review – 7/29 – 8/2
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.