While International Game Technology PLC has overperformed by 0.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IGT fell by -28.90%, with highs and lows ranging from $33.99 to $19.54, whereas the simple moving average fell by -28.22% in the last 200 days.
On April 05, 2024, B. Riley Securities started tracking International Game Technology PLC (NYSE: IGT) recommending Buy. A report published by Stifel on March 04, 2024, Downgraded its rating to ‘Hold’ for IGT. Truist also Downgraded IGT shares as ‘Hold’, setting a target price of $30 on the company’s shares in a report dated March 01, 2024. Jefferies January 04, 2024d the rating to Hold on January 04, 2024, and set its price target from $36 to $29. Susquehanna May 11, 2023d its ‘Neutral’ rating to ‘Positive’ for IGT, as published in its report on May 11, 2023. B. Riley Securities’s report from April 20, 2023 suggests a price prediction of $43 for IGT shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of International Game Technology PLC (IGT)
With IGT’s current dividend of $0.80 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 3.39%, showing a positive trend in the upcoming months.
International Game Technology PLC’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 10.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.05, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and IGT has an average volume of 1.25M. On a monthly basis, the volatility of the stock is set at 3.12%, whereas on a weekly basis, it is put at 3.16%, with a loss of -3.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.77, showing growth from the present price of $20.00, which can serve as yet another indication of whether IGT is worth investing in or should be passed over.
How Do You Analyze International Game Technology PLC Shares?
Gambling giant International Game Technology PLC (IGT) is based in the United Kingdom and is one of the largest companies in the market. When comparing International Game Technology PLC shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.18, there is a growth in quarterly earnings of 87.54%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 48.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 46.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IGT shares are owned by institutional investors to the tune of 46.13% at present.
