Update from International Game Technology PLC (IGT): A steady trajectory

After finishing at $21.35 in the prior trading day, International Game Technology PLC (NYSE: IGT) closed at $22.16, up 3.79%. In other words, the price has increased by $+0.81 from its previous closing price. On the day, 1040979 shares were traded.

Ratios:

Our goal is to gain a better understanding of IGT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 4.11 whereas as Long-Term Debt/Eq ratio is at 4.07.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on March 04, 2024, Downgraded its rating to Hold and sets its target price to $30 from $31 previously.

On March 01, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $32 to $30.

Jefferies Downgraded its Buy to Hold on January 04, 2024, whereas the target price for the stock was revised from $36 to $29.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IGT now has a Market Capitalization of 4.44B and an Enterprise Value of 9.79B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.01, and their Forward P/E ratio for the next fiscal year is 10.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 3.08. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is 6.69.

Stock Price History:

Over the past 52 weeks, IGT has reached a high of $33.99, while it has fallen to a 52-week low of $19.96. The 50-Day Moving Average of the stock is 24.92, while the 200-Day Moving Average is calculated to be 28.57.

Shares Statistics:

The stock has traded on average 1.18M shares per day over the past 3-months and 2.08M shares per day over the last 10 days, according to various share statistics. A total of 200.48M shares are outstanding, with a floating share count of 103.77M. Insiders hold about 48.24% of the company’s shares, while institutions hold 45.74% stake in the company. Shares short for IGT as of Feb 29, 2024 were 2.77M with a Short Ratio of 1.64, compared to 2.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.38% and a Short% of Float of 2.56%.

Dividends & Splits

In the trailing 12 months, IGT’s forward annual dividend rate was 0.80, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 3.75%, it implies a Forward Annual Dividend Yield of 3.61%. The stock’s 5-year Average Dividend Yield is 4.51. The current Payout Ratio is 104.10% for IGT, which recently paid a dividend on Apr 09, 2024 with an ex-dividend date of Mar 25, 2024. Stock splits for the company last occurred on Jul 03, 2003 when the company split stock in a 4:1 ratio.

Most Popular