International Game Technology PLC (NYSE:IGT) has been assigned an average rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.15.

IGT has been the subject of a number of research reports. Union Gaming Research raised International Game Technology from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, November 13th. Credit Suisse Group raised International Game Technology from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $5.00 to $14.00 in a report on Thursday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on International Game Technology from $16.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Truist raised International Game Technology from a “hold” rating to a “buy” rating in a report on Thursday, January 14th. Finally, Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, January 12th.

IGT opened at $18.03 on Thursday. International Game Technology has a fifty-two week low of $3.59 and a fifty-two week high of $19.40. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $3.68 billion, a P/E ratio of -4.49 and a beta of 2.34. The stock has a fifty day moving average of $17.54 and a 200-day moving average of $13.34.

A number of institutional investors have recently added to or reduced their stakes in IGT. Great West Life Assurance Co. Can grew its position in International Game Technology by 382.4% in the third quarter. Great West Life Assurance Co. Can now owns 1,423 shares of the company’s stock valued at $32,000 after acquiring an additional 1,128 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of International Game Technology during the fourth quarter worth about $34,000. Nisa Investment Advisors LLC bought a new stake in shares of International Game Technology during the third quarter worth about $41,000. Advisors Asset Management Inc. grew its holdings in shares of International Game Technology by 48.4% during the third quarter. Advisors Asset Management Inc. now owns 5,157 shares of the company’s stock worth $57,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Clearview Wealth Advisors LLC bought a new stake in shares of International Game Technology during the fourth quarter worth about $69,000.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.

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Analyst Recommendations for International Game Technology (NYSE:IGT)

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