International Game Technology PLC (NYSE:IGT) Receives Average “Buy” Rating from Brokerages

Shares of International Game Technology PLC (NYSE:IGT – Get Rating) received a consensus “Buy” recommendation from the six research firms that currently cover the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The 12-month average price target among analysts who have covered the stock over the past year is $39.17.

A number of brokerages have commented on IGT. Jefferies Financial Group downgraded shares of International Game Technology from a “buy” rating to a “hold” rating and cut its price target for the stock from $38.00 to $33.00 in a note. research on Wednesday, November 17. Deutsche Bank Aktiengesellschaft raised its price target on shares of International Game Technology from $32.00 to $42.00 and gave the stock a “buy” rating in a Wednesday, November 10 research note. Credit Suisse Group raised its price target on International Game Technology shares from $36.00 to $57.00 and gave the stock an “outperform” rating in a Wednesday, November 10 research note . Finally, Stifel Nicolaus assumed coverage for International Game Technology stocks in a research note on Thursday, December 16. They set a “buy” rating and a price target of $43.00 for the company.

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Shares of IGT opened at $30.32 on Friday. The stock has a market capitalization of $6.21 billion, a price/earnings ratio of 28.60 and a beta of 2.11. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt ratio of 3.24. International Game Technology has a 12-month low of $15.11 and a 12-month high of $32.95. The company has a 50-day moving average price of $28.18 and a two-hundred-day moving average price of $26.45.

Several hedge funds and other institutional investors have recently bought and sold shares of IGT. Baillie Gifford & Co. acquired a new stake in shares of International Game Technology in the third quarter valued at approximately $29,000. Ellevest Inc. increased its stake in shares of International Game Technology by 320.1% in the third quarter. Ellevest Inc. now owns 1,189 shares of the company valued at $31,000 after buying 906 additional shares in the last quarter. Steward Partners Investment Advisory LLC increased its holding in shares of International Game Technology by 100.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,200 shares of the company valued at $35,000 after buying an additional 600 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of International Game Technology in the third quarter worth approximately $54,000. Finally, National Bank of Canada FI acquired a new stake in shares of International Game Technology in the fourth quarter valued at approximately $60,000. 44.33% of the shares are held by institutional investors.

International Gaming Technology Company Profile (Get a rating)

International Game Technology Plc is engaged in the design, manufacture and marketing of electronic game equipment, software and network systems. It operates through Global Lottery and Global Gaming segments. The Global Lottery segment is responsible for the global traditional lottery and iLottery business, including sales, operations, product development, technology and support.

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