International Game Technology PLC (IGT) Forms $24.92 Double Top; Altair Engineering Inc. (ALTR) Had 5 Bulls

June 25, 2018 - By Martha Paddon

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International Game Technology PLC (IGT) formed double top with $26.42 target or 6.00% above today’s $24.92 share price. International Game Technology PLC (IGT) has $5.08B valuation. The stock increased 0.65% or $0.16 during the last trading session, reaching $24.92. About 2.80 million shares traded or 9.23% up from the average. International Game Technology PLC (NYSE:IGT) has risen 44.66% since June 25, 2017 and is uptrending. It has outperformed by 32.09% the S&P500. Some Historical IGT News: 08/03/2018 – International Game Tech Sees 2018 Capital Expenditures $575M-$625M; 21/05/2018 – IGT SEES FY ADJ EBITDA $1.70B TO $1.78B, EST. $1.74B; 08/03/2018 – International Game Tech 4Q Rev $1.35B; 21/05/2018 – INTERNATIONAL GAME 1Q ADJ EPS 15C; 21/05/2018 – IGT SAYS CREDIT SUISSE SHARE SALE LINKED TO FORWARD TRANSACTION; 08/03/2018 – International Game Tech 4Q Net $79.7M; 13/03/2018 – IGT – NOVOMATIC CAN OFFER GAMES INCLUDING PATENTED GAME FEATURES FROM IGT PORTFOLIO, WILL PAY ONGOING LICENSING FEES TO IGT; 21/05/2018 – INTERNATIONAL GAME TECHNOLOGY PLC – QTRLY SHR LOSS $0.51; 21/05/2018 – International Game Technology Announces Variable Forward Transaction by De Agostini S.p.A; 19/04/2018 – International Game Technology PLC Releases Notice of 2018 Annual General Meeting and 2017 Annual Reports and Accounts

Among 12 analysts covering Altera (NASDAQ:ALTR), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Altera had 16 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Friday, July 24 by Northland Capital. The stock has “Buy” rating by Cowen & Co on Thursday, March 22. The company was maintained on Thursday, March 22 by RBC Capital Markets. The stock of Altair Engineering Inc. (NASDAQ:ALTR) has “Hold” rating given on Monday, November 27 by J.P. Morgan. Berenberg maintained the stock with “Buy” rating in Thursday, March 22 report. Vetr upgraded Altair Engineering Inc. (NASDAQ:ALTR) rating on Thursday, September 3. Vetr has “Hold” rating and $49.85 target. As per Wednesday, March 21, the company rating was maintained by Canaccord Genuity. See Altair Engineering Inc. (NASDAQ:ALTR) latest ratings:

27/03/2018 Broker: Needham Rating: Buy New Target: $36 Initiates Coverage On
22/03/2018 Broker: Berenberg Rating: Buy New Target: $33.0000 Maintain
22/03/2018 Broker: Cowen & Co Rating: Buy Maintain
22/03/2018 Broker: RBC Capital Markets Rating: Hold New Target: $31.0000 Maintain
21/03/2018 Broker: Canaccord Genuity Rating: Hold New Target: $30.0 Maintain
30/01/2018 Broker: Berenberg Rating: Buy New Target: $33 Initiates Coverage On

Among 9 analysts covering Intl Game Tech. PLC (NYSE:IGT), 6 have Buy rating, 2 Sell and 1 Hold. Therefore 67% are positive. Intl Game Tech. PLC had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Sterne Agee CRT given on Monday, October 5. The stock of International Game Technology PLC (NYSE:IGT) earned “Neutral” rating by Bank of America on Thursday, January 26. Sterne Agee CRT downgraded International Game Technology PLC (NYSE:IGT) on Tuesday, August 18 to “Underperform” rating. Argus Research initiated it with “Buy” rating and $30 target in Friday, September 16 report. The stock of International Game Technology PLC (NYSE:IGT) earned “Buy” rating by Bank of America on Thursday, March 8. The rating was upgraded by Argus Research to “Buy” on Wednesday, November 29. Telsey Advisory Group maintained it with “Outperform” rating and $28 target in Wednesday, September 28 report. As per Friday, July 29, the company rating was maintained by Telsey Advisory Group. The firm earned “Hold” rating on Friday, March 24 by Argus Research. The stock of International Game Technology PLC (NYSE:IGT) has “Market Perform” rating given on Wednesday, August 12 by Telsey Advisory Group.

Analysts await International Game Technology PLC (NYSE:IGT) to report earnings on August, 7. They expect $0.33 EPS, up 120.00% or $0.18 from last year’s $0.15 per share. IGT’s profit will be $67.28 million for 18.88 P/E if the $0.33 EPS becomes a reality. After $0.15 actual EPS reported by International Game Technology PLC for the previous quarter, Wall Street now forecasts 120.00% EPS growth.

The stock decreased 1.56% or $0.55 during the last trading session, reaching $34.73. About 3.32 million shares traded or 685.24% up from the average. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since June 25, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical ALTR News: 03/05/2018 – Acquisition of CANDI Controls Assets adds Edge Gateway Technology to Altair’s IoT Platform; 14/05/2018 – ALTAIR ENGINEERING INC SEES FY 2018 TOTAL REVENUE OF $369.0 MLN TO $373.0 MLN; 15/05/2018 – ALTAIR ENGINEERING INC ALTR.O : RBC RAISES TARGET PRICE TO $33 FROM $31; 26/04/2018 – Altair Nominated for Amazon Web Services (AWS) Industrial Software Competency; 10/05/2018 – Acquisition Of FluiDyna Accelerates Altair’s Computational Fluid Dynamics Technology ALTR; 14/05/2018 – Altair Engineering Sees 2Q Rev $91M-$92M; 14/05/2018 – Altair Engineering 1Q Adj EPS 8c; 10/05/2018 – Acquisition of FluiDyna Accelerates Altair’s Computational Fluid Dynamics Technology; 25/04/2018 – Altair Reinvents the Cloud High-Performance Computing Experience with the Release of PBS Works 2018; 14/05/2018 – Altair Engineering Presenting at JPMorgan Conference Tomorrow

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $2.37 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

More notable recent Altair Engineering Inc. (NASDAQ:ALTR) news were published by: Globenewswire.com which released: “Altair to Present at JP Morgan Conference” on June 08, 2018, also Globenewswire.com with their article: “New Research: Key Drivers of Growth for Five Below, Progenics Pharmaceuticals, Advanced Micro Devices, Agilysys …” published on June 21, 2018, Globenewswire.com published: “Altair Announces Pricing of Follow-on Public Offering” on June 07, 2018. More interesting news about Altair Engineering Inc. (NASDAQ:ALTR) were released by: Globenewswire.com and their article: “Altair Announces Launch of Proposed Follow-on Public Offering” published on June 04, 2018 as well as Nasdaq.com‘s news article titled: “WEYV Announces Partnership with Cricket Media, Expands In-App Content to Include E-Books” with publication date: June 19, 2018.

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