International Game Technology (IGT) Reaches New 52-Week High at $23.18
International Game Technology (NYSE:IGT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $23.18 and last traded at $22.98, with a volume of 462,695 shares. The stock had previously closed at $22.94.
IGT has been the subject of a number of research reports. Sterne Agee CRT boosted their price target 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. Macquarie initiated 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 target for the company. Bank of America Corp. reissued a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Finally, Telsey Advisory Group boosted their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.42.
The firm has a 50 day moving average price of $20.80 and a 200 day moving average price of $18.11. The firm has a market capitalization of $4.62 billion and a PE ratio of 76.31.
International Game Technology (NYSE:IGT) last issued 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 had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Equities research analysts predict that International Game Technology will post $1.95 earnings per share for the current 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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, August 8th.
A hedge fund recently raised its stake in International Game Technology stock. Rhumbline Advisers boosted its position in International Game Technology (NYSE:IGT) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. 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 at the end of the most recent 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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