It’s time to buy International Game Technology (IGT) shares, analysts say! If you’re a high stake gambler, chances are you love to invest in the stock market too. If it’s your case here’s a tip you won’t want to miss. Indeed, IGT’s shares are doing well, that is according to a recent MarketBeat report. IGT has earned a consensus recommendation of “Buy” from the eight brokerages currently covering the company. These experts have given the stock an average 12-month price target of $31.25 based on the last year’s activities. So, if you don’t have shares yet, maybe it’s time to invest in one of the biggest gaming companies in the world.
It’s time to buy International Game Technology (IGT) shares, analysts say!
If you’re an avid casino player chances are you’re already familiar with IGT. To sum up, IGT is a company that specialized in the development of games for land-based and online casinos around the world. The company has, of course, multiple product verticals, but IGT is best known for slots!
IGT Figures in a Nutshell.
There’s no doubt that they’re multiple facets that one should take into account before investing, quick ratio, debt-to-equity, and price-to-earnings. But hey! We’re not here to give you a lesson on how the stock market works! Anyhow, what’s important to know, for now, is that the company reported a $0.02 increase per share (EPS) in the last quarter. Even if it’s an increase, it’s worth knowing that it’s a $0.02 miss on the predicted analysts’ consensus estimate of $0.39. If you’re considering investing in IGT, it’s also worth knowing that the company’s revenue is continuously up and averages a 1.9% YOY increase.
Who’s investing in IGT these days?
There’s no doubt that the recent headlines and significant technological advancement the company has recently made draw some attention. Indeed, in particular, it seems that 5 American companies are buying a lot of shares! Less then a week ago Cerebellum GP LLC bought new shares for around $123,000. Just a few moments after the other transaction, the State of Alaska Department of Revenue bought new shares for about $169,000. Then three investment firms jointly purchased for around $689,000 worth of dividend at the current market value. All that in 1 week!