Economy

Would You Buy International Game Technology (NYSE:IGT) On These Analyst Ratings?

11/10/2015 - International Game Technology had its "underperform" rating reiterated by analysts at BNP Paribas. During the last 52 weeks, the (NASDAQ:FEYE) price has been as high as $17.51 and as low as $10.35. The business's quarterly revenue was down 5.1% compared to the same quarter a year ago. On average, equities analysts predict that International Game Technology will post $1.20 EPS for the current fiscal year. Shares of IGT have increased 34.99% in the past three monthswhile the S&P 500 has gained 17.6% in that time. The average analysts gave this company a mean recommendation of 2.30.

Analysts await International Game Technology Ordinary Shares (NYSE:IGT) to report earnings on November, 20. Revenue during the quarter was $1.22 billion, representing -5% growth from $1.29 billion in year-ago quarter.

The consensus recommendation - averaging the work of 6 analysts - of 2.3 for International Game Technology PLC (IGT) points to moderate case. The company's revenue was down 5.1% on a year-over-year basis. Next quarter's EPS is expected be $0.42 and the next full year EPS is anticipated to be $1.47. ValuEngine raised International Game Technology from a "hold" rating to a "buy" rating in a research report on Friday, September 1st. Telsey Advisory Group cut their target price on International Game Technology from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 26th. The third largest holder is Point72 Asset Management, L.P., which now holds $106.06 million worth of this stock and that ownership represents almost 2.27% of its market capitalization. If you are reading this report on another website, it was illegally stolen and reposted in violation of USA & worldwide trademark and copyright legislation.

ILLEGAL ACTIVITY WARNING: "International Game Technology (IGT) Position Reduced by JPMorgan Chase & Co." was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. As of the end of the quarter Janus Capital Management LLC had disposed of 11,300 shares trimming its holdings by 7.0%. They now have a United States dollars 17 price target on the stock.

Short traders are more bearish on shares of International Game Technology O recently as indicated by the uptick in short interest. Renaissance Technologies LLC now owns 2,791,500 shares of the company's stock worth $51,084,000 after purchasing an additional 1,428,700 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of International Game Technology by 3.4% in the 1st quarter. Renaissance Technologies LLC lifted its holdings in International Game Technology by 104.8% during the 2nd quarter. Similar statistics are true for the second largest owner, Acadian Asset Management Llc, which owns 4,769,639 shares of the stock are valued at $107.08 million.

07/30/2014 - International Game Technology had its "hold" rating reiterated by analysts at Deutsche Bank. Bank of Montreal Can now owns 70,886 shares of the company's stock worth $1,680,000 after acquiring an additional 436 shares in the last quarter.

International Game Technology PLC (NYSE:IGT) in the last month has increased +14.05%. Volume was up 128.17% over the stocks average daily volume. The firm's market capitalization is $4.61 billion.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. With short interest at 2,823,775 and short average daily volume at 2,137,491, the short-interest ratio is 1.0 and the short interest percentage is 0.01% as of August 15. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. The ex-dividend date was set for Wednesday the 9th of August 2017. International Game Technology's dividend payout ratio (DPR) is now -142.86%. It designs, sells, and operates a suite of point-of-sale terminals that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; and produces instant ticket games and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.



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