Shares of International Game Technology (NYSE:IGT) was the target of some unusual options trading on Monday. Stock investors bought 10,918 call options on the stock, Stock Ratings Network reports. This represents an increase of 367% compared to the average volume of 2,336 call options.
A number of research firms have recently commented on IGT. Analysts at Sterne Agee reiterated a “buy” rating on shares of International Game Technology (NYSE:IGT) in a research note to investors on Monday. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at BMO Capital Markets raised their price target on shares of International Game Technology (NYSE:IGT) from $20.00 to $22.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology (NYSE:IGT) in a research note to investors on Friday, August 30th. They now have a $20.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.74.
Shares of International Game Technology (NYSE:IGT) traded up 3.15% on Monday, hitting $20.96. The stock had a trading volume of 5,893,038 shares. International Game Technology has a 1-year low of $12.37 and a 1-year high of $20.94. The stock has a 50-day moving average of $19.14 and a 200-day moving average of $17.68. The company has a market cap of $5.466 billion and a P/E ratio of 18.24.
International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $584.30 million. During the same quarter last year, the company posted $0.23 earnings per share. International Game Technology’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that International Game Technology will post $1.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Investors of record on Thursday, September 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, September 17th. This is an increase from International Game Technology’s previous quarterly dividend of $0.09.
International Game Technology (NYSE:IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.
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