International Game Technology (NYSE:IGT) Stock Ranking Updated by StockNews.com

International Games Technology (NYSE: IGT – Get a rating) was updated by stock analysts to StockNews.com from a “hold” rating to a “buy” rating in a research report released Thursday to clients and investors.

Several other analysts have also weighed in on the company recently. Stifel Nicolaus reduced his price target on International Game Technology from $36.00 to $26.00 in a Monday, August 1 research note. Truist Financial cut its price target on International Game Technology from $36.00 to $30.00 and set a “buy” rating on the stock in a Wednesday July 20 research note. Jefferies Financial Group downgraded International Game Technology from a “hold” rating to a “buy” rating and reduced its target price for the company from $30.00 to $26.00 in a Thursday, May 12 research note. . Finally, Deutsche Bank Aktiengesellschaft reduced its price target on International Game Technology from $35.00 to $30.00 in a Wednesday, August 3 research note. Seven equity research analysts rated the stock with a buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $35.00.

International trade in gaming technology down 1.9%

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NYSE:IGT opened at $17.94 on Thursday. The company has a 50-day simple moving average of $19.52 and a 200-day simple moving average of $21.95. The company has a debt ratio of 3.53, a current ratio of 1.56 and a quick ratio of 1.44. The company has a market capitalization of $3.65 billion, a P/E ratio of 23.30 and a beta of 1.83. International Game Technology has a 12 month minimum of $16.46 and a 12 month maximum of $32.95.

Institutional trade in international gaming technology

Hedge funds and other institutional investors have recently changed their holdings in the company. Massachusetts Financial Services Co. MA increased its holdings of International Game Technology shares by 6.6% in Q2. Massachusetts Financial Services Co. MA now owns 7,923,906 shares of the company worth $147,068,000 after acquiring an additional 490,739 shares in the last quarter. Lazard Asset Management LLC increased its holdings of International Game Technology shares by 25.0% in the second quarter. Lazard Asset Management LLC now owns 7,761,145 shares of the company worth $144,046,000 after acquiring an additional 1,553,857 shares in the last quarter. Boston Partners increased its stake in shares of International Game Technology by 36.9% in the 1st quarter. Boston Partners now owns 6,662,138 shares of the company worth $161,326,000 after acquiring an additional 1,796,129 shares in the last quarter. Bank of New York Mellon Corp increased its holdings of International Game Technology shares by 62.2% in the first quarter. Bank of New York Mellon Corp now owns 5,025,282 shares of the company worth $124,024,000 after acquiring 1,927,848 additional shares in the last quarter. Finally, Broad Peak Investment Holdings Ltd. increased its stake in shares of International Game Technology by 42.3% in the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 2,799,638 shares of the company worth $69,095,000 after acquiring an additional 831,644 shares in the last quarter. Institutional investors hold 44.33% of the company’s shares.

International Gaming Technology Company Profile

(Get a rating)

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.

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Analyst Recommendations for International Gaming Technology (NYSE: IGT)

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