International Game Technology (IGT) Sets New 1-Year High at $21.92
International Game Technology (NYSE:IGT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.92 and last traded at $21.74, with a volume of 413,760 shares. The stock had previously closed at $21.72.
IGT has been the topic of a number of research reports. Telsey Advisory Group raised their price target on International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Bank of America Corp. reissued a “buy” rating on shares of International Game Technology in a report on Wednesday, June 22nd. Macquarie initiated coverage on International Game Technology in a report on Tuesday, June 14th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Sterne Agee CRT reissued a “hold” rating on shares of International Game Technology in a report on Sunday, May 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. International Game Technology currently has a consensus rating of “Hold” and a consensus target price of $20.57.
The firm has a market cap of $4.47 billion and a P/E ratio of 73.82. The firm’s 50 day moving average price is $19.99 and its 200 day moving average price is $17.62.
International Game Technology (NYSE:IGT) last issued its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that International Game Technology will post $1.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, August 8th.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted 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. California Public Employees Retirement System boosted 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, Pear Tree Advisors Inc. boosted 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.
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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