International Game Technology PLC [IGT] is 8.91% higher this YTD. Is it still time to buy?

International Game Technology PLC [NYSE: IGT] gained 6.59% on the last trading session, reaching $18.45 price per share at the time. The company report on February 1, 2021 that IGT Adds Engaging iLottery Games to Kentucky Lottery Corporation’s Portfolio via Four-Year Contract Extension.

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IGT PlayDigital PlayLottery Content Will Include the Company’s Patented Cash Pop Draw Game.

International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (hereinafter “IGT”), has signed a four-year contract extension with the Kentucky Lottery Corporation to continue providing its iLottery platform and mobile app, and add engaging new IGT PlayLottery content to the Lottery’s existing digital games portfolio.

International Game Technology PLC represents 204.86 million in outstanding shares, while the company has a total market value of $3.74 billion with the latest information. IGT stock price has been found in the range of $16.96 to $19.40.

If compared to the average trading volume of 2.67M shares, IGT reached a trading volume of 7849306 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about International Game Technology PLC [IGT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IGT shares is $19.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IGT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for International Game Technology PLC shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2021. The new note on the price target was released on January 12, 2021, representing the official price target for International Game Technology PLC stock. Previously, the target price had yet another raise from $5 to $14, while Credit Suisse kept a Neutral rating on IGT stock.

The Average True Range (ATR) for International Game Technology PLC is set at 1.07, with the Price to Sales ratio for IGT stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 3.92, with the Price to Cash per share for the same quarter was set at 4.66. Price to Free Cash Flow for IGT in the course of the last twelve months was 7.51 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for IGT stock

International Game Technology PLC [IGT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.71. With this latest performance, IGT shares dropped by -0.91% in over the last four-week period, additionally plugging by 70.36% over the last 6 months – not to mention a rise of 30.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IGT stock in for the last two-week period is set at 59.98, with the RSI for the last a single of trading hit 62.42, and the three-weeks RSI is set at 59.46 for International Game Technology PLC [IGT]. The present Moving Average for the last 50 days of trading for this stock 16.22, while it was recorded at 17.68 for the last single week of trading, and 11.55 for the last 200 days.

International Game Technology PLC [IGT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and International Game Technology PLC [IGT] shares currently have an operating margin of +15.46 and a Gross Margin at +38.70. International Game Technology PLC’s Net Margin is presently recorded at -0.40.

Return on Total Capital for IGT is now 6.79, given the latest momentum, and Return on Invested Capital for the company is -0.20. Return on Equity for this stock declined to -1.10, with Return on Assets sitting at -0.14. When it comes to the capital structure of this company, International Game Technology PLC [IGT] has a Total Debt to Total Equity ratio set at 510.88. Additionally, IGT Total Debt to Total Capital is recorded at 83.63, with Total Debt to Total Assets ending up at 62.09. Long-Term Debt to Equity for the company is recorded at 479.25, with the Long-Term Debt to Total Capital now at 78.45.

Reflecting on the efficiency of the workforce at the company, International Game Technology PLC [IGT] managed to generate an average of -$1,596 per employee. Receivables Turnover for the company is 3.42 with a Total Asset Turnover recorded at a value of 0.35.International Game Technology PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

International Game Technology PLC [IGT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, International Game Technology PLC posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IGT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Game Technology PLC go to 30.18%.

An analysis of insider ownership at International Game Technology PLC [IGT]

There are presently around $1,473 million, or 41.80% of IGT stock, in the hands of institutional investors. The top three institutional holders of IGT stocks are: BLACKROCK INC. with ownership of 11,480,172, which is approximately -13.591% of the company’s market cap and around 51.75% of the total institutional ownership; BOSTON PARTNERS, holding 7,482,733 shares of the stock with an approximate value of $138.06 million in IGT stocks shares; and INVESCO LTD., currently with $117.57 million in IGT stock with ownership of nearly -0.336% of the company’s market capitalization.

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Positions in International Game Technology PLC stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 89 institutional holders increased their position in International Game Technology PLC [NYSE:IGT] by around 12,613,138 shares. Additionally, 91 investors decreased positions by around 17,810,052 shares, while 40 investors held positions by with 49,415,164 shares. The mentioned changes placed institutional holdings at 79,838,354 shares, according to the latest SEC report filing. IGT stock had 34 new institutional investments in for a total of 5,818,759 shares, while 30 institutional investors sold positions of 5,176,061 shares during the same period.

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