Sterne Agee reissued their buy rating on shares of International Game Technology (NYSE:IGT) in a research report sent to investors on Monday morning, American Banking & Market News reports. The firm currently has a $25.00 price target on the stock, up from their previous price target of $23.00.
A number of other firms have also recently commented on IGT. Analysts at BMO Capital Markets raised their price target on shares of International Game Technology (NYSE:IGT) from $20.00 to $22.00 in a research note to investors on Wednesday, September 11th. They now have an outperform rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of International Game Technology (NYSE:IGT) in a research note to investors on Friday, August 30th. They now have a $20.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of International Game Technology (NYSE:IGT) from a hold rating to a sell rating in a research note to investors on Monday, August 26th.
Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $19.74.
Shares of International Game Technology (NYSE:IGT) opened at 20.86 on Monday. International Game Technology has a 1-year low of $12.37 and a 1-year high of $21.17. The stock’s 50-day moving average is $19.28 and its 200-day moving average is $17.77. The company has a market cap of $5.440 billion and a price-to-earnings ratio of 18.73. International Game Technology also saw some unusual options trading on Monday. Stock investors purchased 10,918 call options on the stock. This represents an increase of approximately 367% compared to the typical daily volume of 2,336 call options.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, September 17th. This is a boost from International Game Technology’s previous quarterly dividend of $0.09.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.