International Game Technology PLC (NYSE:IGT) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.36.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of International Game Technology from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Societe Generale assumed coverage on shares of International Game Technology in a research note on Wednesday, October 17th. They set a “buy” rating and a $20.50 target price on the stock. Credit Suisse Group initiated coverage on shares of International Game Technology in a research note on Tuesday, August 14th. They set a “neutral” rating and a $24.00 target price on the stock. Jefferies Financial Group dropped their price objective on shares of International Game Technology from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Finally, Deutsche Bank dropped their price objective on shares of International Game Technology from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st.

Shares of NYSE IGT opened at $15.18 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.33 and a beta of 1.30. International Game Technology has a 12-month low of $14.84 and a 12-month high of $31.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.88 and a current ratio of 1.03.

International Game Technology (NYSE:IGT) last issued its earnings results on Wednesday, October 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a net margin of 3.27% and a return on equity of 11.52%. International Game Technology’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities research analysts predict that International Game Technology will post 1.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 5.27%. International Game Technology’s dividend payout ratio is currently 52.63%.

Hedge funds have recently made changes to their positions in the company. Clearline Capital LP purchased a new stake in shares of International Game Technology in the second quarter valued at about $4,892,000. Brookstone Capital Management raised its holdings in shares of International Game Technology by 39.8% in the second quarter. Brookstone Capital Management now owns 19,893 shares of the company’s stock valued at $462,000 after purchasing an additional 5,664 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of International Game Technology by 56.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,530 shares of the company’s stock valued at $361,000 after purchasing an additional 5,628 shares during the last quarter. Zweig DiMenna Associates LLC raised its holdings in shares of International Game Technology by 19.9% in the third quarter. Zweig DiMenna Associates LLC now owns 486,869 shares of the company’s stock valued at $9,616,000 after purchasing an additional 80,752 shares during the last quarter. Finally, Mittleman Brothers LLC raised its holdings in shares of International Game Technology by 22.9% in the third quarter. Mittleman Brothers LLC now owns 914,748 shares of the company’s stock valued at $18,066,000 after purchasing an additional 170,715 shares during the last quarter. Institutional investors own 46.96% of the company’s stock.

International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Featured Article: What does relative strength index mean?

Analyst Recommendations for International Game Technology (NYSE:IGT)

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.