International Game Technology PLC [IGT] stock prices are up 0.10% to $20.00 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IGT shares have lost -3.85% over the last week, with a monthly amount drifted -3.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Stifel downgraded its rating to Hold on March 04, 2024, and dropped its price target to $30. On March 01, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $30 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $29 on January 04, 2024. Susquehanna upgraded its rating to a Positive but $31 remained the price target by the analyst firm on May 11, 2023. B. Riley Securities started tracking with a Buy rating for this stock on April 20, 2023, and assigned it a price target of $43. In a note dated May 12, 2022, Jefferies upgraded an Buy rating on this stock and revised its target price from $30 to $26.
The stock price of International Game Technology PLC [IGT] has been fluctuating between $19.54 and $33.99 over the past year. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. International Game Technology PLC [NYSE: IGT] shares were valued at $20.00 at the most recent close of the market. An investor can expect a potential return of 65.0% based on the average IGT price forecast.
Analyzing the IGT fundamentals
The International Game Technology PLC [NYSE:IGT] reported sales of 4.31B for trailing twelve months, representing a surge of 3.39%. 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 19.82 points at the first support level, and at 19.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.13, and for the 2nd resistance point, it is at 20.25.
Ratios To Look Out For
It’s worth pointing out that International Game Technology PLC [NYSE:IGT]’s Current Ratio is 1.24. Further, the Quick Ratio stands at 1.05, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 2.78 and price to earnings (TTM) ratio is 26.18.
