Equities research analysts at Deutsche Bank AG assumed coverage on shares of International Game Technology (NYSE:IGT) in a report released on Tuesday. The firm set a “buy” rating on the stock.

IGT has been the subject of several other research reports. ValuEngine upgraded International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation upgraded International Game Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $30.00 in a research note on Wednesday, September 20th. Finally, BidaskClub downgraded International Game Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.50.

Shares of International Game Technology (NYSE:IGT) opened at 23.25 on Tuesday. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The stock has a 50 day moving average price of $20.52 and a 200-day moving average price of $20.79. The company’s market capitalization is $4.72 billion.

International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.17). International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company earned $0.43 EPS. International Game Technology’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts predict that International Game Technology will post $1.20 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of IGT. Bank of New York Mellon Corp raised its holdings in International Game Technology by 573.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,211,062 shares of the company’s stock valued at $28,701,000 after acquiring an additional 1,031,286 shares in the last quarter. Karp Capital Management Corp acquired a new position in International Game Technology in the 1st quarter valued at approximately $2,668,000. Sei Investments Co. raised its holdings in International Game Technology by 0.5% in the 1st quarter. Sei Investments Co. now owns 110,024 shares of the company’s stock valued at $2,607,000 after acquiring an additional 505 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in International Game Technology by 0.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 418,488 shares of the company’s stock valued at $9,918,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in International Game Technology in the 1st quarter valued at approximately $1,448,000. 39.01% of the stock is owned by hedge funds and other institutional investors.

About International Game Technology

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.

Analyst Recommendations for International Game Technology (NYSE:IGT)

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