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 a possible profit of 66.58 percent. The lowest price target was 20, implying a possible loss of 4.11 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -25.3 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. 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.
IGT has an estimated earnings growth rate of 24.36 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. IGT has a PEG ratio of 0.64.
IGT has a 52-week high of 32.07 and a 52-week low of 17.25. Today's price is 11.36 percent above the 52-week low, and 40.1 percent below the 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 will post this quarters earnings in days, on 0000-00-00.