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.

Several price targets were given for IGT by the analysts covering the stock. The most optimistic price target was 32, implying potential capital gains of 66.58 percent. The lowest price target 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -31.91 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -25.3 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of IGT's earnings is estimated by analysts to be 24.36 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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. The PEG ratio of IGT is 0.64.

IGT has traded between a high of 32.07 and a low of 17.25 over the past year. The current market price is above the trailing year's low by 11.36 percent, and 40.1 percent lower than its 52-week 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.