Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Intl Game Tech IGT in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $39.4, a high estimate of $50.00, and a low estimate of $29.00. This current average has decreased by 8.8% from the previous average price target of $43.20.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Intl Game Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Katz | Jefferies | Lowers | Hold | $29.00 | $36.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $48.00 | $50.00 |
| Jeffrey Stantial | Stifel | Lowers | Buy | $35.00 | $39.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $35.00 | $37.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $50.00 | $54.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Intl Game Tech. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Intl Game Tech compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Intl Game Tech's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Intl Game Tech's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Intl Game Tech analyst ratings.
Discovering Intl Game Tech: A Closer Look
International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and Digital & Betting.. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.
A Deep Dive into Intl Game Tech's Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Intl Game Tech's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 0.47%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Intl Game Tech's net margin excels beyond industry benchmarks, reaching 8.83%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Intl Game Tech's ROE excels beyond industry benchmarks, reaching 6.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Intl Game Tech's ROA excels beyond industry benchmarks, reaching 0.9%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 4.07.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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