The Latest Analyst Ratings For Intl Game Tech
Portfolio Pulse from Benzinga Insights
Intl Game Tech (NYSE:IGT) received mixed analyst ratings over the past three months, with all five analysts giving an 'Indifferent' rating. The average 12-month price target for IGT has been lowered to $28.6, a 10.06% decrease from the previous $31.80. Analysts from firms including Stifel, Truist Securities, and Jefferies have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Despite the lowered targets, IGT shows a positive revenue trend, exceptional net margin, and strong ROE and ROA, but carries a high debt-to-equity ratio.
March 13, 2024 | 1:01 pm
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NEUTRAL IMPACT
Intl Game Tech (IGT) has seen its 12-month price target lowered to $28.6, reflecting a 10.06% decrease. Despite this, the company exhibits strong financial health with a positive revenue trend, exceptional net margin, and above-average ROE and ROA.
The mixed analyst ratings and lowered price target suggest a cautious outlook for IGT in the short term. However, the company's strong financial metrics, such as positive revenue growth, high net margin, and strong ROE and ROA, may counterbalance the negative impact of the lowered price targets and high debt-to-equity ratio. The neutral score reflects this balance between positive financial health and cautious analyst sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100