International Game Technology (NYSE:IGT)’s share price was down 1.4% during mid-day trading on Thursday . The stock traded as low as $22.60 and last traded at $22.64, with a volume of 358,668 shares traded. The stock had previously closed at $22.95.

Several equities analysts have recently issued reports on IGT shares. Bank of America Corp. reaffirmed a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Telsey Advisory Group lifted their price objective on shares of International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. 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 on the stock. Finally, Sterne Agee CRT lifted their price objective on shares of International Game Technology from $19.00 to $20.50 and gave the stock a “neutral” rating in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. International Game Technology has a consensus rating of “Buy” and an average target price of $21.42.

The stock has a market cap of $4.58 billion and a price-to-earnings ratio of 75.61. The firm has a 50-day moving average of $21.25 and a 200-day moving average of $18.31.

International Game Technology (NYSE:IGT) last posted its earnings results 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 had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, analysts predict that International Game Technology will post $1.95 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, August 8th. This represents a $0.80 annualized dividend and a yield of 3.51%.

A hedge fund recently raised its stake in International Game Technology stock. Rhumbline Advisers increased its stake in International Game Technology (NYSE:IGT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,907 shares of the company’s stock after buying an additional 610 shares during the period. Rhumbline Advisers’ holdings in International Game Technology were worth $1,034,000 as of its most recent filing with the SEC.

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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