International Game Technology (IGT) Hits New 52-Week High at $21.92
International Game Technology (NYSE:IGT) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.92 and last traded at $21.74, with a volume of 413,760 shares changing hands. The stock had previously closed at $21.72.
Several research analysts have recently weighed in on the company. Sterne Agee CRT upped their price objective on International Game Technology from $19.00 to $20.50 and gave the stock a “neutral” rating in a research report on Friday, May 27th. Macquarie assumed coverage on International Game Technology in a research report on Tuesday, June 14th. They set an “outperform” rating and a $26.00 price objective for the company. Bank of America Corp. reaffirmed a “buy” rating on shares of International Game Technology in a research report on Wednesday, June 22nd. Finally, Telsey Advisory Group upped their price objective on International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.57.
The company has a market cap of $4.38 billion and a price-to-earnings ratio of 72.39. The stock has a 50 day moving average of $19.85 and a 200-day moving average of $17.55.
International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Equities research analysts expect that International Game Technology will post $1.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Monday, August 8th.
Several hedge funds and institutional investors have bought and sold shares of the company. Pear Tree Advisors Inc. raised its position in 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 period. California Public Employees Retirement System raised its position in 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 period. Finally, Rhumbline Advisers raised its position in International Game Technology by 1.0% in the fourth quarter. Rhumbline Advisers now owns 63,907 shares of the company’s stock valued at $1,034,000 after buying an additional 610 shares during the period.
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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