The stock of International Game Technology Ordinary Shares (NYSE:IGT) is a huge mover today! The stock decreased 1.81% or $0.45 during the last trading session, hitting $24.38. About 1.56 million shares traded hands or 31.09% up from the average. International Game Technology Ordinary Shares (NYSE:IGT) has risen 64.95% since February 29, 2016 and is uptrending. It has outperformed by 54.53% the S&P500.
The move comes after 7 months negative chart setup for the $4.99B company. It was reported on Oct, 1 by Barchart.com. We have $22.92 PT which if reached, will make NYSE:IGT worth $299.40M less.
Analysts await International Game Technology Ordinary Shares (NYSE:IGT) to report earnings on November, 10. They expect $0.38 earnings per share, down 17.39% or $0.08 from last year’s $0.46 per share. IGT’s profit will be $77.78M for 16.04 P/E if the $0.38 EPS becomes a reality. After $0.43 actual earnings per share reported by International Game Technology Ordinary Shares for the previous quarter, Wall Street now forecasts -11.63% negative EPS growth.
International Game Technology Ordinary Shares (NYSE:IGT) Ratings Coverage
Out of 6 analysts covering Intl Game Tech. PLC (NYSE:IGT), 3 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 50% are positive. Intl Game Tech. PLC has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Bank of America maintained International Game Technology Ordinary Shares (NYSE:IGT) on Tuesday, September 13 with “Buy” rating. Union Gaming Research initiated the shares of IGT in a report on Tuesday, August 18 with “Buy” rating. On Wednesday, September 28 the stock rating was maintained by Telsey Advisory Group with “Outperform”. Telsey Advisory Group maintained International Game Technology Ordinary Shares (NYSE:IGT) rating on Wednesday, August 12. Telsey Advisory Group has “Market Perform” rating and $22 price target. The firm has “Neutral” rating given on Monday, October 5 by Sterne Agee CRT. The firm has “Buy” rating given on Friday, September 16 by Argus Research. The firm has “Sell” rating by Goldman Sachs given on Wednesday, August 19. Telsey Advisory Group maintained International Game Technology Ordinary Shares (NYSE:IGT) on Friday, July 29 with “Outperform” rating. As per Tuesday, August 18, the company rating was downgraded by Sterne Agee CRT.
According to Zacks Investment Research, “International Game Technology PLC is a gaming company. The Company is engaged in design, development, manufacture and marketing of casino-style gaming equipment, systems technology, and game content. Its business segment consists of North America and International. The company operates primarily in the United Kingdom; Rome, Italy; Las Vegas, Nevada, and Providence, Rhode Island. International Game Technology PLC is headquartered in Las Vegas, Nevada.”
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 1.00, from 1 in 2016Q1. The ratio worsened, as 1 funds sold all International Game Technology Ordinary Shares shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 12,734 shares or 0.22% less from 12,762 shares in 2016Q1.
Moreover, Gemmer Asset Mgmt Limited has 0% invested in International Game Technology Ordinary Shares (NYSE:IGT) for 1 shares. Huntington Bank has 0.01% invested in the company for 12,733 shares.
More important recent International Game Technology Ordinary Shares (NYSE:IGT) news were published by: Benzinga.com which released: “International Game Technology Scores Big With Argus’ Buy Rating” on September 16, 2016, also Prnewswire.com published article titled: “International Game Technology PLC Reports Fourth Quarter And Full Year 2015 …”, Prnewswire.com published: “IGT and GTECH S.p.A. Announce IGT’s Final Per Share Merger Consideration under …” on April 02, 2015. More interesting news about International Game Technology Ordinary Shares (NYSE:IGT) was released by: Prnewswire.com and their article: “International Game Technology PLC Reports Second Quarter 2015 Results” with publication date: August 11, 2015.
IGT Company Profile
International Game Technology PLC (IGT PLC), incorporated on July 11, 2014, is an end-to-end gaming company. The Firm is engaged in operating and providing an integrated portfolio of technology services and products across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. The Company’s divisions are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) services and products to clients in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. The Company’s lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 clients across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery clients and lotteries that IGT PLC supports across the world.
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