Several other analysts have also recently commented on the company. Deutsche Bank lifted their price target on International Game Technology to $34.00 and gave the company a buy rating in a report on Monday, November 20th. Argus upgraded International Game Technology from a hold rating to a buy rating and set a $35.00 price target for the company in a report on Wednesday, November 29th. ValuEngine cut International Game Technology from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, Jefferies Group initiated coverage on International Game Technology in a report on Tuesday, February 20th. They issued a buy rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. International Game Technology has an average rating of Buy and a consensus target price of $31.25.
Shares of International Game Technology (NYSE IGT) opened at $29.21 on Thursday. The company has a market capitalization of $5,912.98, a PE ratio of -5.55 and a beta of 1.62. International Game Technology has a 52-week low of $17.25 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.70 and a current ratio of 0.83.
Several large investors have recently modified their holdings of the company. Castleark Management LLC purchased a new stake in shares of International Game Technology during the 4th quarter worth about $4,839,000. Vident Investment Advisory LLC purchased a new stake in shares of International Game Technology during the 4th quarter worth about $258,000. Quad Capital Management Advisors LLC purchased a new stake in shares of International Game Technology during the 4th quarter worth about $928,000. LPL Financial LLC purchased a new stake in shares of International Game Technology during the 4th quarter worth about $1,962,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of International Game Technology by 35.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,774 shares of the company’s stock worth $418,000 after purchasing an additional 4,130 shares during the period. Institutional investors and hedge funds own 40.18% of the company’s stock.
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About International Game Technology
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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