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.
IGT was given price targets by several analysts. The most optimistic analyst gave a price target of 32, implying a possible profit of 66.58 percent. The minimum price target given was 20, implying a possible loss of 4.11 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -31.91 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -25.3 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of IGT to grow at a rate of 24.36 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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 trailing 52-weeks, IGT hit 32.07 at the highest peak, while it's lowest trading point was 17.25. Today's price is 11.36 percent above the 52-week low, and 40.1 percent lower than its 52-week high. IGT has a price/earnings 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.