Intl Game Tech Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)

6 analysts have shared their evaluations of Intl Game Tech IGT during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $28.5, a high estimate of $30.00, and a low estimate of $26.00. A 6.86% drop is evident in the current average compared to the previous average price target of $30.60.

Deciphering Analyst Ratings: An In-Depth Analysis

The perception of Intl Game Tech by financial experts is analyzed through recent analyst actions. The following summary presents 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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Intl Game Tech compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Intl Game Tech's future value. Examining the 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.

Delving into Intl Game Tech's Background

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 PlayDigital. 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.

A Deep Dive into Intl Game Tech's Financials

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to 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 3.39% as of 31 December, 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 -0.71%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -0.55%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Intl Game Tech's ROA excels beyond industry benchmarks, reaching -0.08%. This signifies efficient management of assets and strong financial health.

Debt Management: Intl Game Tech's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 4.11.

The Basics of Analyst Ratings

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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.

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