There is no doubt that International Game Technology PLC (IGT) ticks all the boxes.

International Game Technology PLC (NYSE: IGT) stock fell -1.48% on Wednesday to $24.59 against a previous-day closing price of $24.96. With 1.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.42 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $24.65 whereas the lowest price it dropped to was $24.19. The 52-week range on IGT shows that it touched its highest point at $28.98 and its lowest point at $15.01 during that stretch. It currently has a 1-year price target of $35.42. With its current market cap of 4.96 billion, IGT has annualized dividend of $0.80 while the current yield stands at 3.25%. Beta for the stock currently stands at 1.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IGT was down-trending over the past week, with a drop of -5.24%, but this was down by -12.62% over a month. Three-month performance dropped to -5.97% while six-month performance rose 2.63%. The stock gained 19.20% in the past year, while it has gained 8.42% so far this year. A look at the trailing 12-month EPS for IGT yields 1.07 with Next year EPS estimates of 1.69. For the next quarter, that number is 0.34. This implies an EPS growth rate of 330.10% for this year and 23.18% for next year. EPS is expected to grow by 33.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 17.40%.

Float and Shares Shorts:

At present, 199.29 million IGT shares are outstanding with a float of 103.87 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.09 million, which was 1.05% higher than short shares on Mar 30, 2023. In addition to Mr. Marco Sala as the firm’s Exec. Chairman, Mr. Vincent L. Sadusky serves as its CEO & Exec. Director.

Institutional Ownership:

Through their ownership of 45.96% of IGT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 24.79% of IGT, in contrast to 20.96% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in IGT with 5.12% of the stake, Massachusetts Financial Services holds 10,360,275 shares worth 10,360,275. A second-largest stockholder of IGT, Lazard Asset Management LLC, holds 7,137,208 shares, controlling over 3.53% of the firm’s shares. Newton Investment Management Nort is the third largest shareholder in IGT, holding 6,785,783 shares or 3.35% stake. With a 2.37% stake in IGT, the MFS Mid Cap Value Fund is the largest stakeholder. A total of 4,784,667 shares are owned by the mutual fund manager. The John Hancock III – Disciplined Va, which owns about 1.43% of IGT stock, is the second-largest Mutual Fund holder. It holds 2,888,240 shares valued at 81.28 million. American Funds Small Cap World Fu holds 1.35% of the stake in IGT, owning 2,729,850 shares worth 76.82 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, IGT reported revenue of $1.02B and operating income of $78.00M. The EBITDA in the recently reported quarter was $251.00M and diluted EPS was -$0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IGT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IGT analysts setting a high price target of $66.00 and a low target of $27.60, the average target price over the next 12 months is $35.42. Based on these targets, IGT could surge 168.4% to reach the target high and rise by 12.24% to reach the target low. Reaching the average price target will result in a growth of 44.04% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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