IGT Stock Forecast, Price & News (International Game Technology)

International Game Technology PLC operates and provides game technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. It operates in three segments: Global Lottery, Global Gaming and Digital & Betting. The company designs, sells, operates and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping and delivery services. It also designs, develops, assembles and supplies cabinets, games, systems and software for the gaming market, as well as game management systems for casino management, customer relationship management, clients and server games. In addition, the Company provides Video Lottery Terminals (VLT), VLT Central Systems and VLT Games. Moreover, it offers digital games and bets; sports betting; and technology and management services. In addition, the Company provides digital gaming products and services, including blackjack, roulette, slot machine games, poker, bingo and other casino card games; social casino content; and remote game server, as well as iGaming systems and digital platforms that offer player account management, advanced marketing and analytics, and payment system services. It processes business transactions, such as prepaid cell phone recharges, bill payments, electronic vouchers and retail programs, electronic tax payments, prepaid card recharges, stamp duties and money transfer services. The company was previously known as GTECH SpA and changed its name to International Game Technology PLC in April 2015. The company was founded in 2014 and is headquartered in London, UK. International Game Technology PLC is a subsidiary of De Agostini SpA

Wall Street analysts predict growth

Several equity research analysts have published reports on IGT shares. Jefferies Financial Group moved shares of International Game Technology from a “hold” rating to a “buy” rating and lowered its price target for the company from $30.00 to $26.00 in a report of research of Thursday, May 12. Truist Financial lowered its price target on shares of International Game Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a Wednesday, July 20 report. Stifel Nicolaus lowered his price target on shares of International Game Technology from $36.00 to $26.00 in a Monday, August 1 report. StockNews.com cut shares of International Game Technology from a “buy” rating to a “hold” rating in a Thursday, Aug. 4 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on shares of International Game Technology from $35.00 to $30.00 in a Wednesday, August 3 research note. One equity research analyst gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.00.

International Gaming Technology Awards Performance

NYSE:IGT shares opened at $22.64 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt ratio of 3.53. The company has a 50-day simple moving average of $19.42 and a 200-day simple moving average of $22.63. The company has a market capitalization of $4.61 billion, a PE ratio of 29.40 and a beta of 1.83. International Game Technology has a fifty-two week low of $16.46 and a fifty-two week high of $32.95.

International Game Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 30. Investors of record on Tuesday, August 16 will receive a dividend of $0.20. The ex-dividend date is Monday, August 15. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 3.53%. International Game Technology’s payout rate is currently 103.90%.

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