Several equities research analysts recently weighed in on IGT shares.
International Game Technology PLC's (IGT) stock price showed weak performance of -8.67% in last seven days, switched down -11.03% in last thirty days and it rose 23.48% in last one year. 3 Months Ago, IGT's stock has been recommended as BUY from 4 and 0 given OVERWEIGHT rating for the company. International Game Technology presently has an average rating of "Hold" and a consensus target price of $27.50.
Shares of International Game Technology (NYSE:IGT) traded down 5.74% on Friday, reaching $21.84.
Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future.
International Game Technology has 50 day moving average of $24.36 and its 200 day moving average of $26.18. The firm has a market capitalization of $4.42 billion, a PE ratio of 20.85 and a beta of 1.51. Initial reaction was highly skeptical, but the naysayers were proven wrong when the social gaming division quickly became a key contributor to IGT's quarterly results. The firm earned $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion.
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Stock exchanged hands with the total volume of 1.60 Million shares, as contrast to its average volume of 1.66 Million shares. GW&K Investment Management LLC boosted its stake in shares of Umpqua Holdings Corporation by 26.2% in the third quarter.
Now the P/E of International Game Technology PLC stands at 21.66. EPS growth in past five years was 0.80% while EPS growth in next five years is projected to arrive at 10.00%.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Thursday, March 23rd were given a dividend of $0.20 per share.
The stock now has its Annual Dividend of $0.8 and an annual Dividend Yield of 3.66 Percent. The ex-dividend date was Tuesday, March 21st. International Game Technology's dividend payout ratio is now 307.69%.
While taking a look at financials, we can look at a number of key indicators about International Game Technology PLC (IGT) . If you are reading this article on another domain, it was stolen and republished in violation of USA & worldwide copyright and trademark laws. The legal version of this story can be accessed at https://www.themarketsdaily.com/2017/04/19/international-game-technology-igt-receives-market-perform-rating-from-wells-fargo-co.html.
DoubleU Games is a listed company on the Korea Exchange. Argus downgraded International Game Technology from a "buy" rating to a "hold" rating in a research note on Friday, March 24th. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 5 analysts given HOLD rating. Finally, Neuberger Berman Group LLC increased its position in shares of International Game Technology by 283.1% in the third quarter. The volume of 4.04 Million shares climbed down over an trading activity of 807.28K shares. UBS Asset Management Americas Inc. raised its position in shares of International Game Technology by 30.6% in the fourth quarter.
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