Should I buy or sell International Game Technology stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IGT shares. View IGT analyst ratings or view top-rated stocks .

What is International Game Technology's stock price target for 2024?

5 Wall Street analysts have issued twelve-month price targets for International Game Technology's shares. Their IGT share price targets range from $33.00 to $66.00. On average, they anticipate the company's share price to reach $43.33 in the next year. This suggests a possible upside of 57.9% from the stock's current price. View analysts price targets for IGT or view top-rated stocks among Wall Street analysts .

How have IGT shares performed in 2023?

International Game Technology's stock was trading at $22.68 on January 1st, 2023. Since then, IGT shares have increased by 21.0% and is now trading at $27.44. View the best growth stocks for 2023 here .

Are investors shorting International Game Technology?

International Game Technology saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,400,000 shares, an increase of 6.0% from the October 31st total of 4,150,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is presently 3.2 days. Currently, 4.3% of the shares of the company are sold short. View International Game Technology's Short Interest .

When is International Game Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our IGT earnings forecast .

How were International Game Technology's earnings last quarter?

International Game Technology PLC (NYSE:IGT) posted its earnings results on Tuesday, October, 31st. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.13. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. International Game Technology had a net margin of 2.32% and a trailing twelve-month return on equity of 19.39%. International Game Technology's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share.

How often does International Game Technology pay dividends? What is the dividend yield for International Game Technology?

International Game Technology declared a quarterly dividend on Friday, October 27th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.20 per share on Wednesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 28th. Read our dividend analysis for IGT .

Is International Game Technology a good dividend stock?

International Game Technology (NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.01%. The dividend payout ratio is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IGT will have a dividend payout ratio of 43.96% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for IGT .

What ETFs hold International Game Technology's stock?

ETFs with the largest weight of International Game Technology (NYSE:IGT) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET) , Roundhill Sports Betting & iGaming ETF (BETZ) , AdvisorShares Vice ETF (VICE) , B.A.D. Etf (BAD) , VanEck Gaming ETF (BJK) and FlexShares Quality Dividend Index Fund (QDF) . FlexShares Quality Dividend Dynamic Index Fund (QDYN) .

What is Marco Sala's approval rating as International Game Technology's CEO?

252 employees have rated International Game Technology Chief Executive Officer Marco Sala on Glassdoor.com . Marco Sala has an approval rating of 76% among the company's employees.

What other stocks do shareholders of International Game Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other International Game Technology investors own include AT&T (T) , Walt Disney (DIS) , Bank of America (BAC) , Exxon Mobil (XOM) , Verizon Communications (VZ) , AbbVie (ABBV) , CVS Health (CVS) , NVIDIA (NVDA) , General Electric (GE) and Gilead Sciences (GILD) .

Who are International Game Technology's major shareholders?

International Game Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (5.31%), Massachusetts Financial Services Co. MA (3.57%), Lazard Asset Management LLC (2.38%), Boston Partners (1.78%), Wellington Management Group LLP (1.11%) and Vaughan Nelson Investment Management L.P. (0.97%). View institutional ownership trends .

How do I buy shares of International Game Technology?

Shares of IGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated Dividend StocksTop-Rated Dividend

International Game Technology (IGT) Stock Price, News & Analysis

$27.34

+0.34 (+1.26%)

(As of 04:10 PM ET)

Compare

Today's Range: $27.05
▼
$27.65
50-Day Range: $25.41
▼
$31.45
52-Week Range: $21.38
▼
$33.99

Volume: 857,238 shs
Average Volume: 1.28 million shs
Market Capitalization: $5.44 billion

P/E Ratio: 56.96
Dividend Yield: 2.93%
Price Target: $43.33

International Game Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 57.9% Upside
$43.33 Price Target
Short Interest: Healthy
4.32% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.34
Upright™ Environmental Score
News Sentiment: 1.36
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 0.55%
From $1.81 to $1.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Consumer Discretionary Sector

120th out of 242 stocks

Miscellaneous Amusement & Recreation Services Industry

12th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
International Game Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $43.33, International Game Technology has a forecasted upside of 57.9% from its current price of $27.44.
Amount of Analyst Coverage
International Game Technology has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.32% of the float of International Game Technology has been sold short.
Short Interest Ratio / Days to Cover
International Game Technology has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in International Game Technology has recently increased by 6.02%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
International Game Technology pays a meaningful dividend of 3.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
International Game Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of International Game Technology is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, International Game Technology will have a dividend payout ratio of 43.96% next year. This indicates that International Game Technology will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
International Game Technology has received a -108.24% net impact score from Upright. The largest negative impact of International Game Technology in category "Relationships" seems to be driven mostly by its "Online gambling services", "Betting services", and "Slot machines" products. See details.
Environmental Sustainability
The Environmental Impact score for International Game Technology is -0.34.

3.0

News and Social Media Coverage

News Sentiment
International Game Technology has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for International Game Technology this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for IGT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, International Game Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.24% of the stock of International Game Technology is held by insiders.
Percentage Held by Institutions
44.33% of the stock of International Game Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for International Game Technology are expected to grow by 0.55% in the coming year, from $1.81 to $1.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of International Game Technology is 57.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of International Game Technology is 57.17, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.71.
Price to Book Value per Share Ratio
International Game Technology has a P/B Ratio of 2.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About International Game Technology Stock (NYSE:IGT)

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services. It also designs, develops, assembles, and provides cabinets, games, systems, and software for the gaming market, as well as offers gaming management systems for casino management, customer relationship management, patron management, and server-based gaming. In addition, the company provides video lottery terminals (VLT), VLT central systems, and VLT games. Further, it offers sports betting technology and management services to licensed sports betting operators. Additionally, the company provides digital gaming products and services, including blackjack, roulette, slot games, poker, bingo, and other casino card games; social casino content; and iGaming systems and digital platforms that offer remote game server solution. It processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfer services, as well as money transfers. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC is a subsidiary of De Agostini S.p.A.

IGT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IGT Stock News Headlines

December 6, 2023 | finance.yahoo.com

IGT Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

December 4, 2023 | americanbankingnews.com

International Game Technology PLC (NYSE:IGT) Receives Average Rating of "Buy" from Analysts

December 11, 2023 | Financial Alphas (Ad)

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November 27, 2023 | finance.yahoo.com

International Game Technology PLC's Dividend Analysis

November 16, 2023 | finance.yahoo.com

IGT Reaffirms Responsible Gaming Leadership with G4 Certification for Global Gaming and PlayDigital Segments

November 13, 2023 | finance.yahoo.com

IGT PlayDigital Partners with Microgame to Expand iGaming Content Distribution in Italy

November 9, 2023 | finance.yahoo.com

IGT Signs Retail and Mobile Sports Betting Agreement with Ponce Plaza Hotel & Casino in Puerto Rico

November 3, 2023 | finance.yahoo.com

International Game Technology Stock Sees RS Rating Level Up To 78

December 11, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

November 2, 2023 | finance.yahoo.com

Recent 8.7% pullback isn't enough to hurt long-term International Game Technology (NYSE:IGT) shareholders, they're still up 208% over 3 years

November 1, 2023 | finance.yahoo.com

IGT Delivers Scan and Redeem Solution to South Dakota Lottery via Five-Year Contract Extension

October 31, 2023 | finance.yahoo.com

IGT Recognized for Diversity, Equality and Inclusion Excellence in the All-In Diversity Project 2023 All-Index Report

October 31, 2023 | finance.yahoo.com

Compared to Estimates, IGT (IGT) Q3 Earnings: A Look at Key Metrics

October 31, 2023 | seekingalpha.com

International Game Technology PLC 2023 Q3 - Results - Earnings Call Presentation

October 31, 2023 | markets.businessinsider.com

International Game Technology Reports Drop In Q3 Bottom Line, but beats estimates

October 31, 2023 | finance.yahoo.com

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS THIRD QUARTER 2023 RESULTS

October 30, 2023 | finance.yahoo.com

12 Best UK Stocks To Buy Now

October 26, 2023 | finance.yahoo.com

IGT to Deliver Leading Lottery Solutions in Kentucky for 10 Additional Years

October 25, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 35.51% Upside in IGT (IGT): Here's What You Should Know

October 25, 2023 | finance.yahoo.com

Melco Resorts (MLCO) Earnings Expected to Grow: What to Know Ahead of Q3 Release

October 25, 2023 | finance.yahoo.com

IGT Exhibits Next Generation of Growth-Driving Lottery Solutions at NASPL 2023

October 23, 2023 | finance.yahoo.com

IGT Improves Score in 2023 S&P Global Corporate Sustainability Assessment for Fourth Consecutive Year

October 12, 2023 | markets.businessinsider.com

California Lottery To Modernize Its Platform With IGT's Cloud-based Technology

October 12, 2023 | markets.businessinsider.com

Truist Financial Reaffirms Their Buy Rating on International Game Technology (IGT)

October 11, 2023 | finance.yahoo.com

IGT Secures 10-Year Contract Extension to Deploy High-Performing Aurora Central Lottery System in Malaysia

October 10, 2023 | finance.yahoo.com

International Game Technology PLC to Host Third Quarter 2023 Results Conference Call on Tuesday, October 31, 2023

October 2, 2023 | finance.yahoo.com

IGT Demonstrates Market Leadership and Momentum Across Gaming Product and Solutions Portfolio at G2E 2023

See More Headlines

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Company Calendar

Last Earnings: 10/31/2023
Ex-Dividend for 12/13 Dividend: 11/28/2023
Today: 12/11/2023
Dividend Payable: 12/13/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/27/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous amusement & recreation services
Sub-Industry: Casinos & Gaming
Sector: Consumer Discretionary
Current Symbol: NYSE:IGT
CUSIP: 45990210
CIK: 1619762
Web: www.igt.com
Phone: 444013921000
Fax: 44-20-7535-3200
Employees: 10,786
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $43.33
High Stock Price Target: $66.00
Low Stock Price Target: $33.00
Potential Upside/Downside: +57.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.48
Trailing P/E Ratio: 57.19
Forward P/E Ratio: 15.17
P/E Growth: N/A
Net Income: $275 million
Net Margins: 2.32%
Pretax Margin: 13.81%
Return on Equity: 19.39%
Return on Assets: 3.57%

Debt

Debt-to-Equity Ratio: 2.76
Current Ratio: 1.13
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $4.23 billion
Price / Sales: 1.29
Cash Flow: $5.60 per share
Price / Cash Flow: 4.90
Book Value: $9.72 per share
Price / Book: 2.82

Miscellaneous

Outstanding Shares: 199,080,000
Free Float: 196,610,000
Market Cap: $5.46 billion
Optionable: Optionable
Beta: 1.95

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Key Executives

Mr. Marco Sala (Age 64)
Executive Chairman
Comp: $6.39M
Mr. Vincent L. Sadusky (Age 58)
President, CEO & Executive Director
Comp: $4.22M
Mr. Massimiliano Chiara (Age 54)
Executive VP, CFO & Director
Comp: $2.72M
Mr. Timothy M. Rishton (Age 57)
Senior VP & Chief Accounting Officer
Mr. James Hurley
Senior Vice President of Investor Relations
Mr. Christopher C. Spears (Age 55)
Executive VP & General Counsel
Ms. Wendy Montgomery (Age 59)
Senior Vice President of Marketing, Communications & Sustainability
Mr. Ken Bossingham (Age 59)
Senior Vice President of Sales
Mr. Fabio Celadon (Age 51)
Executive Vice President of Strategy & Corporate Development
Ms. Dorothy Costa (Age 51)
Senior Vice President of People & Transformation

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

IGT Stock Analysis - Frequently Asked Questions

Should I buy or sell International Game Technology stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IGT shares.
View IGT analyst ratings or view top-rated stocks.
What is International Game Technology's stock price target for 2024?: 5 Wall Street analysts have issued twelve-month price targets for International Game Technology's shares. Their IGT share price targets range from $33.00 to $66.00. On average, they anticipate the company's share price to reach $43.33 in the next year. This suggests a possible upside of 57.9% from the stock's current price.
View analysts price targets for IGT or view top-rated stocks among Wall Street analysts.
How have IGT shares performed in 2023?: International Game Technology's stock was trading at $22.68 on January 1st, 2023. Since then, IGT shares have increased by 21.0% and is now trading at $27.44.
View the best growth stocks for 2023 here.
Are investors shorting International Game Technology?: International Game Technology saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,400,000 shares, an increase of 6.0% from the October 31st total of 4,150,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is presently 3.2 days. Currently, 4.3% of the shares of the company are sold short.
View International Game Technology's Short Interest.
When is International Game Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our IGT earnings forecast.
How were International Game Technology's earnings last quarter?: International Game Technology PLC (NYSE:IGT) posted its earnings results on Tuesday, October, 31st. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.13. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. International Game Technology had a net margin of 2.32% and a trailing twelve-month return on equity of 19.39%. International Game Technology's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share.
How often does International Game Technology pay dividends? What is the dividend yield for International Game Technology?: International Game Technology declared a quarterly dividend on Friday, October 27th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.20 per share on Wednesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 28th.
Read our dividend analysis for IGT.

Is International Game Technology a good dividend stock?: International Game Technology (NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.01%. The dividend payout ratio is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IGT will have a dividend payout ratio of 43.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IGT.
What ETFs hold International Game Technology's stock?: ETFs with the largest weight of International Game Technology (NYSE:IGT) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Roundhill Sports Betting & iGaming ETF (BETZ), AdvisorShares Vice ETF (VICE), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK) and FlexShares Quality Dividend Index Fund (QDF).FlexShares Quality Dividend Dynamic Index Fund (QDYN).
What is Marco Sala's approval rating as International Game Technology's CEO?: 252 employees have rated International Game Technology Chief Executive Officer Marco Sala on Glassdoor.com. Marco Sala has an approval rating of 76% among the company's employees.
What other stocks do shareholders of International Game Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other International Game Technology investors own include AT&T (T), Walt Disney (DIS), Bank of America (BAC), Exxon Mobil (XOM), Verizon Communications (VZ), AbbVie (ABBV), CVS Health (CVS), NVIDIA (NVDA), General Electric (GE) and Gilead Sciences (GILD).
Who are International Game Technology's major shareholders?: International Game Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (5.31%), Massachusetts Financial Services Co. MA (3.57%), Lazard Asset Management LLC (2.38%), Boston Partners (1.78%), Wellington Management Group LLP (1.11%) and Vaughan Nelson Investment Management L.P. (0.97%).
View institutional ownership trends.
How do I buy shares of International Game Technology?: Shares of IGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:IGT) was last updated on 12/11/2023 by MarketBeat.com Staff

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International Game Technology (IGT) Stock Price, News & Analysis

International Game Technology MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About International Game Technology Stock (NYSE:IGT)

IGT Stock Price History

IGT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

IGT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™