StockNews.com Upgrades International Game Technology (NYSE:IGT) to Buy

StockNews.com upgraded shares of International Game Technology (NYSE:IGT) from a hold rating to a buy rating in a research note published on Friday morning.

IGT has been the subject of a number of other research reports. B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of International Game Technology in a research note on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of International Game Technology from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, International Game Technology presently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

International Game Technology Stock Down 0.2 %

NYSE IGT traded down $0.04 on Friday, hitting $21.09. 720,771 shares of the company were exchanged, compared to its average volume of 878,200. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 2.57. The company has a market cap of $4.20 billion, a PE ratio of 20.68 and a beta of 1.96. The stock has a fifty day moving average of $21.08 and a 200-day moving average of $20.91. International Game Technology has a 12 month low of $18.90 and a 12 month high of $28.95.

Institutional Trading of International Game Technology

Several institutional investors have recently made changes to their positions in IGT. Signaturefd LLC purchased a new position in International Game Technology during the third quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in International Game Technology during the second quarter valued at about $31,000. Blue Trust Inc. bought a new position in International Game Technology during the second quarter valued at about $44,000. Hexagon Capital Partners LLC raised its position in International Game Technology by 1,633.6% in the second quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock worth $45,000 after acquiring an additional 2,091 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its stake in International Game Technology by 100.9% in the second quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company’s stock valued at $47,000 after acquiring an additional 1,160 shares during the last quarter. Institutional investors own 44.33% of the company’s stock.

About International Game Technology

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and 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, as well as iLottery solutions and services.