Analyst Ratings for International Game Technology PLC (IGT)

Updated: 2017-07-28

An average rating of Overweight has been given to International Game Technology PLC (NYSE:IGT) by analysts covering the stock. Last month, IGT received an average rating of Overweight.

7 analysts issued ratings on the stock, where 3 gave IGT a buy rating, 1 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for IGT. The highest price target was 32, implying a possible profit of 66.58 percent. The most pessimistic analyst gave a price target of 20, implying potential capital losses of 4.11 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -31.91 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -25.3 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

IGT has an estimated earnings growth rate of 24.36 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. IGT has a PEG ratio of 0.64.

In the last 52-weeks, IGT has achieved a high of 32.07 and a low of 17.25. Currently the stock is 11.36 percent higher than its low, and 40.1 percent below the high. IGT has a P/E ratio of 15.62. Investors typically compare the P/E ratio to a company's peers in the industry. The IGT value stock report compares IGT to some of its peers using value stock charts. The stock has a market capitalization of $4.02 billion. IGT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.