Equities researchers at Barclays Capital lifted their price objective on shares of International Game Technology (NYSE:IGT) from $15.00 to $19.00 in a research report issued on Thursday, Stock Ratings Network.com reports. Barclays Capital’s price objective would indicate a potential upside of 2.37% from the company’s current price.
IGT has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of International Game Technology from $20.00 to $22.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Wednesday. They now have a $19.00 price target on the stock, up previously from $17.00. Finally, analysts at Janney Montgomery Scott downgraded shares of International Game Technology from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 19th. They now have a $20.00 price target on the stock, up previously from $19.75.
Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. International Game Technology has a consensus rating of “Hold” and an average price target of $18.86.
International Game Technology (NYSE: IGT) opened at 18.56 on Thursday. International Game Technology has a 1-year low of $10.92 and a 1-year high of $20.25. The stock’s 50-day moving average is currently $17.46. The company has a market cap of $4.833 billion and a price-to-earnings ratio of 18.32.
International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $584.30 million. During the same quarter last year, the company posted $0.23 earnings per share. International Game Technology’s revenue was up 8.7% compared to the same quarter last year. International Game Technology has set its FY13 guidance at $1.26-1.32 EPS. On average, analysts predict that International Game Technology will post $1.31 earnings per share for the current fiscal year.
International Game Technology (NYSE: IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.