At the time of writing, International Game Technology PLC [IGT] stock is trading at $22.03, up 1.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The IGT shares have gain 3.19% over the last week, with a monthly amount drifted -9.64%, and not seem to be holding up well over a long-time horizon.
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On 2, April 2024, IGT Introduces Compelling Core Video and Class II Games for Tribal Casinos at Indian Gaming Tradeshow & Convention 2024. In a post published today on Yahoo Finance, IGT to highlight the Whitney Houston slots WAP game on the SkyRise™ cabinet and debut an array of high-performing core video games, a Class II version of Mystery of the Lamp™, the highly anticipated Tiger and Dragon™ MLP, and more.
From an analyst’s perspective:
International Game Technology PLC [NYSE: IGT] stock has seen the most recent analyst activity on March 04, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $30 from $31. Previously, Truist downgraded its rating to Hold on March 01, 2024, and dropped its price target to $30. On January 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $29 on the stock. Susquehanna upgraded its rating to a Positive but stick to its price target of $31 on May 11, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $43 as its price target on April 20, 2023. Jefferies upgraded its rating to Buy for this stock on May 12, 2022, and downed its price target to $26. In a note dated December 17, 2021, Stifel initiated an Buy rating and provided a target price of $43 on this stock.
For the past year, the stock price of International Game Technology PLC fluctuated between $19.96 and $33.99. Currently, Wall Street analysts expect the stock to reach $33.6 within the next 12 months. International Game Technology PLC [NYSE: IGT] shares were valued at $22.03 at the most recent close of the market. An investor can expect a potential return of 52.52% based on the average IGT price forecast.
Analyzing the IGT fundamentals
According to International Game Technology PLC [NYSE:IGT], the company’s sales were 4.31B for trailing twelve months, which represents an 3.39% jump. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.61 points at the first support level, and at 21.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.31, and for the 2nd resistance point, it is at 22.60.
International Game Technology PLC [IGT] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.15 and a surprise factor of 36.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.46 per share as compared to estimates of $0.39 per share, a difference of $0.07 representing a surprise of 17.90%.
Ratios To Look Out For
It is important to note that International Game Technology PLC [NYSE:IGT] has a current ratio of 1.24. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 3.06 and price to earnings (TTM) ratio is 28.84.
