In a report issued on October 10, Carlo Santarelli from Deutsche Bank maintained a Buy rating on International Game Technology (NYSE: IGT), with a price target of $35. The company’s shares closed on Friday at $16.98, close to its 52-week low of $16.42.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.0% and a 62.7% success rate. Santarelli covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Penn National Gaming.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Game Technology with a $28.75 average price target.
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Based on International Game Technology’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $161 million. In comparison, last year the company had a GAAP net loss of $804 million.
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International Game Technology Plc engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the following segments: North America Gaming and Interactive; North America Lottery, International, Italy, and Other.
