Breaking Down Intl Game Tech: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on International Game Technology PLC (NYSE:IGT), with an average 12-month price target of $39.4, down from $43.20. All five analysts have lowered their price targets, with ratings ranging from 'Hold' to 'Positive'. IGT's financials show a revenue growth of 0.47% for the quarter ending September 30, 2023, a net margin of 8.83%, an ROE of 6.45%, an ROA of 0.9%, and a debt-to-equity ratio of 4.07. The company's main revenue comes from its Global Lottery segment, primarily in the United States.
January 04, 2024 | 5:00 pm
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Analysts have lowered their price targets on IGT, indicating a bearish sentiment. The company's financials show positive margins and growth, but the lowered targets may impact investor confidence.
The unanimous lowering of price targets by analysts suggests a bearish outlook for IGT, which could lead to a negative short-term impact on the stock price. The financials indicate solid performance, but the market often reacts more immediately to analyst ratings and price target changes. The high relevance is due to the direct mention and focus on IGT, while the importance is significant as analyst ratings are a key factor for many investors. The confidence level is high due to the clear consensus among analysts and the detailed financial data provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100