International Game Technology PLC [IGT] gain 10.80% so far this year. What now?

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International Game Technology PLC [NYSE: IGT] surged by $0.67 during the normal trading session on Thursday and reaching a high of $19.27 during the day while it closed the day at $18.77. The company report on August 3, 2021 that International Game Technology PLC Reports Second Quarter 2021 Results.

– Revenue up 74% to over $1.0 billion, fueled by strong increases in all businesses, including 35% Global Lottery same-store sales growth.

– Delivered operating income of $244 million, highlighting impressive Global Lottery operating leverage and excellent progress on structural cost savings.

International Game Technology PLC stock has also loss -2.54% of its value over the past 7 days. However, IGT stock has inclined by 7.44% in the 3 months of the year. Over the past six months meanwhile, it has gained 6.47% and gained 10.80% year-on date.

The market cap for IGT stock reached $3.95 billion, with 204.86 million shares outstanding and 99.08 million shares in the current float. Compared to the average trading volume of 2.09M shares, IGT reached a trading volume of 2553792 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $26.24 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 2.00. 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.

Credit Suisse have made an estimate for International Game Technology PLC shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 13, 2021. The new note on the price target was released on January 19, 2021, representing the official price target for International Game Technology PLC stock. Previously, the target price had yet another raise to $21, while Argus analysts kept a Buy rating on IGT stock. On November 19, 2020, analysts increased their price target for IGT shares from 5 to 14.

The Average True Range (ATR) for International Game Technology PLC is set at 1.08, with the Price to Sales ratio for IGT stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 4.61, with the Price to Cash per share for the same quarter was set at 3.55. Price to Free Cash Flow for IGT in the course of the last twelve months was 5.48 with Quick ratio for the last quarter at 1.20.

IGT stock trade performance evaluation

International Game Technology PLC [IGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.54. With this latest performance, IGT shares dropped by -18.32% in over the last four-week period, additionally plugging by 6.47% over the last 6 months – not to mention a rise of 91.53% 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 35.41, with the RSI for the last a single of trading hit 35.64, and the three-weeks RSI is set at 37.62 for International Game Technology PLC [IGT]. The present Moving Average for the last 50 days of trading for this stock 22.72, while it was recorded at 18.74 for the last single week of trading, and 17.76 for the last 200 days.

International Game Technology PLC [IGT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and International Game Technology PLC [IGT] shares currently have an operating margin of +7.64 and a Gross Margin at +36.46. International Game Technology PLC’s Net Margin is presently recorded at -30.15.

Return on Total Capital for IGT is now 2.25, given the latest momentum, and Return on Invested Capital for the company is -10.13. Return on Equity for this stock declined to -77.15, with Return on Assets sitting at -7.05. 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 1,107.52. Additionally, IGT Total Debt to Total Capital is recorded at 91.72, with Total Debt to Total Assets ending up at 66.21. Long-Term Debt to Equity for the company is recorded at 1,049.80, with the Long-Term Debt to Total Capital now at 86.94.

Reflecting on the efficiency of the workforce at the company, International Game Technology PLC [IGT] managed to generate an average of -$85,023 per employee. Receivables Turnover for the company is 2.32 with a Total Asset Turnover recorded at a value of 0.23.International Game Technology PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for International Game Technology PLC [IGT] stock

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%.

International Game Technology PLC [IGT]: Insider Ownership positions

There are presently around $1,567 million, or 44.00% of IGT stock, in the hands of institutional investors. The top three institutional holders of IGT stocks are: BLACKROCK INC. with ownership of 9,392,417, which is approximately -18.186% of the company’s market cap and around 51.63% of the total institutional ownership; BOSTON PARTNERS, holding 6,441,404 shares of the stock with an approximate value of $120.91 million in IGT stocks shares; and LAZARD ASSET MANAGEMENT LLC, currently with $82.08 million in IGT stock with ownership of nearly -13.922% 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 August and at the time of the August reporting period, where 111 institutional holders increased their position in International Game Technology PLC [NYSE:IGT] by around 11,291,673 shares. Additionally, 107 investors decreased positions by around 15,654,183 shares, while 37 investors held positions by with 56,545,046 shares. The mentioned changes placed institutional holdings at 83,490,902 shares, according to the latest SEC report filing. IGT stock had 52 new institutional investments in for a total of 4,819,211 shares, while 32 institutional investors sold positions of 1,565,376 shares during the same period.

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