Impact of Brokerage Rating on International Game Technology(IGT)

Many International Game Technology(IGT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. International Game Technology Ordinary Shares was Downgraded by BofA/Merrill to Neutral on Jan 26, 2017.

International Game Technology Ordinary Shares Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.44. The company had revenue of $1266.00 million for the quarter, compared to analysts expectations of $1245.77 million. The companys revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

International Game Technology (NYSE:IGT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2 by 6 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

International Game Technology (NYSE:IGT): The stock price is expected to reach $ 28.5 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $31 while the lower estimate is at $21. The standard deviation of the price stands at $3.73.

International Game Technology (NYSE:IGT) witnessed a decline in the market cap on Tuesday as its shares dropped 1.21% or 0.33 points. After the session commenced at $27.17, the stock reached the higher end at $27.24 while it hit a low of $26.9. With the volume soaring to 666,419 shares, the last trade was called at $27. The company has a 52-week high of $32.07. The company has a market cap of $5,428 million and there are 201,034,500 shares in outstanding. The 52-week low of the share price is $13.22.

International Game Technology PLC is a gaming company. The Company is engaged in design, development, manufacture and marketing of casino-style gaming equipment, systems technology, and game content. Its business segment consists of North America and International. The company operates primarily in the United Kingdom; Rome, Italy; Las Vegas, Nevada, and Providence, Rhode Island. International Game Technology PLC is headquartered in Las Vegas, Nevada.

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