Hot Stock to Watch: International Game Technology (NYSE:IGT)

International Game Technology (NYSE:IGT)

SunTrust Robinson Humphrey Initiates Coverage On International Game Technology (NYSE:IGT)’s stock to Hold with the price target of $21. This rating was issued on 10/02/18. The stock recently closed its previous session at $17.12 by showing a percentage change of -5.62% from its previous day closing price of $18.14.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on International Game Technology (NYSE:IGT) in which Union Gaming Upgrades International Game Technology (NYSE:IGT) to Buy with no specific Price Target on 6/15/18. Bank of America Maintains the stock to Buy on 3/09/18 by stationing a price target of $34. Jefferies Initiates Coverage On the company’s stock to Buy on 2/20/18 by setting a price target of $33. Argus Upgrades International Game Technology (NYSE:IGT) to Buy with no specific Price Target.

International Game Technology (NYSE:IGT) currently has a consensus Price Target of $27.79. While some analysts have a High Price target for the stock of $35 and a Low Price Target of $20.5.

Several sell side analysts reviewed their recommendations on International Game Technology (NYSE:IGT) where 4 analyst have rated the stock as Strong Buy, 2 analysts said it’s a Buy, 2 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.4. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, International Game Technology (NYSE:IGT) reported its Actual EPS of $0.28/share. The analysts offering Earnings Estimates for the company were believing that International Game Technology (NYSE:IGT) could bring EPS of $0.36/share. The difference between Actual EPS and Estimated EPS was -0.08 Percent. Thus the company showed an Earnings Surprise of -22.2 Percent.

International Game Technology (NYSE:IGT) has a market capitalization of 3.5 Billion. The stock traded with the volume of 3.65 Million shares in the last trading session. The stock touched its high share price of $31.00 on 05/17/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 10/09/18 as $16.42. The company has a 1 Year high price target of $28.29. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -7.57%. The Moving Average SMA50 is -12.76% while SMA200 is -31.21%.

International Game Technology (NYSE:IGT) is currently showing its ROA (Return on Assets) of -4.6%. The Return on Investment (ROI) is at -1.5% while it’s Return on Equity (ROE) value stands at -31.1%. The stock currently shows its YTD (Year to Date) performance of -35.42 percent while its Weekly performance value is 0.12%. The Monthly and Yearly performances are -15.21 percent and -28.34 percent respectively. The Relative Volume value measured for International Game Technology (NYSE:IGT) is 1.11. The Average Volume (3 months) is 3.3 Million.

The stock currently has its Annual Dividend of $0.8 and an annual Dividend Yield of 4.67 Percent. IGT has P/E (Price to Earnings ttm) value of 0, Forward P/E of 9.84, P/C (Price to cash per share) of 5.74 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of 0.4 percent.

Company Profile:

International Game Technology PLC is a gaming company. The Company is engaged in design, development, manufacture and marketing of casino-style gaming equipment, systems technology, and game content. Its business segment consists of North America and International. The company operates primarily in the United Kingdom; Rome, Italy; Las Vegas, Nevada, and Providence, Rhode Island. International Game Technology PLC is headquartered in Las Vegas, Nevada.