Key Takeaways:
- International Game Technology PLC (IGT, Financial) completes a significant divestiture, enhancing its focus and financial agility.
- Wall Street analysts provide a cautiously optimistic outlook with a diverse range of price targets.
- GuruFocus metrics suggest a moderate potential upside based on current valuations.
International Game Technology PLC (IGT) has reached an important milestone by finalizing the sale of its Gaming & Digital segment to Apollo Global Management. This strategic move paves the way for the transition to Brightstar Lottery, now trading under the ticker BRSL. The transaction, valued at $4 billion, is a crucial element of the company's financial strategy, aimed at reducing debt, distributing a $1.1 billion dividend, and initiating a $500 million share buyback program.
Wall Street Analysts Forecast
According to forecasts from six seasoned analysts, International Game Technology PLC (IGT, Financial) holds an average one-year price target of $19.18. The analysts' high estimate peaks at $25.00, while the low estimate is $15.00. This range suggests a potential upside of 16.47% from the current share price of $16.47. For more detailed insights, explore the International Game Technology PLC (IGT) Forecast page.
The consensus from seven brokerage firms positions IGT's average recommendation at 2.6, denoting a "Hold" status. The rating system varies from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
GuruFocus Valuation Metrics
Utilizing GuruFocus' proprietary metrics, the estimated GF Value for International Game Technology PLC (IGT, Financial) stands at $17.43 over the next year. This presents a projected upside of 5.83% compared to the current price of $16.47. The GF Value metric is designed to reflect the fair market value of the stock, determined through historical trading multiples, past business growth, and projections of future performance. Dive deeper into these insights by visiting the International Game Technology PLC (IGT) Summary page.
