International Game Technology (IGT) Hits New 52-Week High at $22.86
International Game Technology (NYSE:IGT) shares reached a new 52-week high on Tuesday . The company traded as high as $22.86 and last traded at $22.80, with a volume of 996,599 shares trading hands. The stock had previously closed at $22.82.
A number of research analysts have weighed in on the stock. Telsey Advisory Group boosted their target price on shares of International Game Technology from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. 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 set an “outperform” rating and a $26.00 price target on the stock. Finally, Sterne Agee CRT restated a “hold” rating on shares of International Game Technology in a research note on Sunday, May 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. International Game Technology presently has a consensus rating of “Hold” and a consensus target price of $20.57.
The stock has a 50 day moving average of $20.31 and a 200-day moving average of $17.85. The stock has a market cap of $4.56 billion and a price-to-earnings ratio of 75.32.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. During the same period in the prior year, the company posted $0.38 EPS. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that International Game Technology will post $1.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.53%.
An institutional investor recently raised its position in International Game Technology stock. Pear Tree Advisors Inc. boosted its position in shares of International Game Technology (NYSE:IGT) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,017,365 shares of the company’s stock after buying an additional 124,300 shares during the period. International Game Technology accounts for approximately 13.5% of Pear Tree Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Pear Tree Advisors Inc. owned 1.01% of International Game Technology worth $32,641,000 as of its most recent SEC filing.
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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