The Latest Analyst Ratings For Intl Game Tech

Ratings for Intl Game Tech IGT were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $28.6, a high estimate of $30.00, and a low estimate of $26.00. This current average has decreased by 10.06% from the previous average price target of $31.80.

Interpreting Analyst Ratings: A Closer Look

The standing of Intl Game Tech among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey 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.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Intl Game Tech's market standing. Stay informed and make data-driven 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.

Breaking Down Intl Game Tech's Financial Performance

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Positive Revenue Trend: Examining Intl Game Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.47% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Intl Game Tech's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.83%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Intl Game Tech's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.45% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Intl Game Tech's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.9%, the company showcases efficient use of assets and strong financial health.

Debt Management: Intl Game Tech's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.07, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

The Significance of Analyst Ratings Explained

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.