International Game Technology O (NYSE:IGT):
IGT Casino Management Systems Selected for Lucky Dragon Hotel & Casino in Las Vegas.
The company is now up from yesterday’s close of $24.59.
Additionally the company recently declared a dividend for shareholders which was paid on Wednesday the 24th of August 2016. The dividend payment was $0.200 per share for the quarter which comes to $0.80 on an annualized basis. This dividend represents a yeild of $3.23 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 8th of August 2016.
Company shares last traded at $24.72 just above the 50 day moving average of $23.21 and a tad higher than the 200 day moving average of $19.68. The 50 day moving average was up by +6.51% and the 200 day average was up $5.04.
The P/E ratio is currently 82.13 and the market cap of the company is 4.97B. As of the last earnings report the EPS was $0.30 and is projected to be $1.90 for the current year with 201,229,000 shares presently outstanding. Next quarter’s EPS is expected be $0.49 and the next full year EPS is projected to be $2.10.
A few brokerage analysts have released opinions on International Game Technology O recently. On September 16, 2016 Argus Research issued its first research report on the stock with an initial rating of “Buy” and a price target of $30.00. September 13 investment analysts at Bank of America made no change to the stock rating of “Buy” and raised the price expectation from $24.00 to $27.00.
Goldman Sachs began coverage of the stock with a rating of “Sell” and price target of $15.50. On August 18 the stock rating was downgraded to “Underperform” from “” in an announcement from Sterne Agee CRT.
On June 22 analysts at Bank of America started covering IGT giving it an initial rating of “Buy” and setting a price target of $24.00. Equity analyst Telsey Advisory began coverage of IGT setting a rating of “Market Perform” and establishing a price target of $16.00.