International Game Technology (NYSE:IGT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.08 and last traded at $21.01, with a volume of 678,822 shares. The stock had previously closed at $20.99.

Several equities research analysts have recently issued reports on IGT shares. Bank of America Corp. restated a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Macquarie started coverage on shares of International Game Technology in a research note on Tuesday, June 14th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Sterne Agee CRT lifted their price objective on shares of International Game Technology from $19.00 to $20.50 and gave the company a “neutral” rating in a research note on Friday, May 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.43.

The firm’s 50-day moving average price is $19.20 and its 200-day moving average price is $17.05. The firm’s market capitalization is $4.22 billion.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. During the same period in the previous year, the firm posted ($0.15) EPS. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. International Game Technology’s revenue was up 51.2% compared to the same quarter last year. Equities research analysts predict that International Game Technology will post $2.00 earnings per share for the current fiscal year.

Other large investors recently modified their holdings of the company. Pear Tree Advisors Inc. raised its stake in shares of International Game Technology by 6.6% in the fourth quarter. Pear Tree Advisors Inc. now owns 2,017,365 shares of the company’s stock valued at $32,641,000 after buying an additional 124,300 shares during the last quarter. Twin Capital Management Inc. raised its stake in shares of International Game Technology by 28.4% in the fourth quarter. Twin Capital Management Inc. now owns 62,630 shares of the company’s stock valued at $1,013,000 after buying an additional 13,850 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of International Game Technology by 111.4% in the fourth quarter. New York State Common Retirement Fund now owns 456,100 shares of the company’s stock valued at $7,380,000 after buying an additional 240,300 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of International Game Technology by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 376,824 shares of the company’s stock valued at $6,097,000 after buying an additional 33,100 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in International Game Technology by 1.0% in the fourth quarter. Rhumbline Advisers now owns 63,907 shares of the company’s stock worth $1,034,000 after buying an additional 610 shares during the last quarter.

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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