Shares of International Game Technology PLC (NYSE:IGT) have been given an average rating of “Buy” by the six analysts that are currently covering the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.40.

Several brokerages have weighed in on IGT. Telsey Advisory Group boosted their price objective on International Game Technology PLC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Bank of America Corp. boosted their price objective on International Game Technology PLC from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Finally, Argus started coverage on International Game Technology PLC in a report on Friday, September 16th. They set a “buy” rating and a $30.00 price objective for the company.

International Game Technology PLC (NYSE:IGT) traded down 3.66% during mid-day trading on Tuesday, hitting $27.64. 2,104,781 shares of the stock were exchanged. The stock has a market capitalization of $5.56 billion, a P/E ratio of 91.83 and a beta of 1.81. The firm has a 50-day moving average price of $27.76 and a 200-day moving average price of $22.49. International Game Technology PLC has a 12-month low of $12.48 and a 12-month high of $32.07.

International Game Technology PLC (NYSE:IGT) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. International Game Technology PLC had a return on equity of 12.42% and a net margin of 1.18%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts predict that International Game Technology PLC will post $2.00 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.79%. International Game Technology PLC’s payout ratio is currently 258.06%.

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in International Game Technology PLC by 23.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,570 shares of the company’s stock valued at $123,000 after buying an additional 1,259 shares during the last quarter. Crow Point Partners LLC bought a new position in International Game Technology PLC during the third quarter valued at about $146,000. Advisor Group Inc. raised its position in International Game Technology PLC by 5,670.9% in the third quarter. Advisor Group Inc. now owns 6,348 shares of the company’s stock valued at $155,000 after buying an additional 6,238 shares during the last quarter. Synovus Financial Corp raised its position in International Game Technology PLC by 0.5% in the second quarter. Synovus Financial Corp now owns 8,686 shares of the company’s stock valued at $166,000 after buying an additional 44 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new position in International Game Technology PLC during the second quarter valued at about $195,000. Institutional investors own 36.21% of the company’s stock.

About International Game Technology PLC

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.

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