Top 5 Supermarket Stocks For 2015

Top 5 Supermarket Stocks For 2015: International Game Technology (IGT)

International Game Technology (IGT) designs, manufactures, and markets electronic gaming equipment and systems worldwide. The company offers casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos; central determination system machines connected to a central server that determines the game outcome, encompassing video lottery terminals used primarily in government-sponsored applications and electronic or video bingo machines; and amusement with prize games. Its systems products include applications for casino management, customer relationship marketing (CRM), and server-based games and player management. IGT?s casino management solutions comprise integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing (jackpots and promotions), and table game automation. The company?s CRM solutions feature integrated market ing and business intelligence modules that provide analytical, predictive, and management tools for maximizing casino operational effectiveness; and server-based solutions enable game delivery to slot machines, computers, mobile phones, tablets, and other networked devices. Its gaming markets comprise the United States, Canada, Europe, the Middle East, Africa, Mexico and South/Central America, Asia, Australia, New Zealand, the Pacific, and the United Kingdom. The company was founded in 1980 and is headquartered in Reno, Nevada.

Advisors' Opinion:

• [By Ben Levisohn]

  International Game Technology (IGT) has popped after Reuters reported that the casino-game maker had begun looking into selling itself. From the Reuters article:

  International Game Technology the Las Vegas-based slot machine maker, has hired Morgan Stanley (MS) to explore a sale as the gaming industry pursues consolidation to combat slow growth, peop! le familiar with the matter said on Monday.

  IGT, which has a market capitalization of more than $3 billion, has been working on a sale for more than two months and has attracted interest from other gaming companies as well as private equity firms, the people said.

  Shares of International Game Technology have gained 11% at 3:34 p.m. today, with most of that coming in the last 35 minutes of trading, or so. Since a picture is worth a thousand words:

• [By Michael Flannelly]

  Analysts at Sterne Agee noted on Monday that International Game Technology’s (IGT) fiscal 2014 growth is stronger than it appears. As such, the analysts raised the price target on the casino gaming equipment manufacturer.

  The analysts maintain a “Buy” rating on IGT and now see shares reaching $25, up from the previous target of $23. This new price target suggests a 23% upside to the stock’s Friday closing price of $20.32.

  “Excluding FY13 Canadian VLT sales, which do not recur in FY14, consensus FY14 EPS growth is ~14% versus ‘in-print’ consensus EPS growth of ~4%,” Sterne Agee analyst David Bain said. “We believe IGT’s peer-low stock valuation is partly driven by a misinterpretation of forward growth using ‘in-print’ FY14 EPS projections.”

  Futhermore, the firm raised IGT’s fourth quarter EPS estimates from 33 cents to 34 cents.

  IGT shares were inactive during pre-market trading on Monday. The stock is up 43.4% year-to-date.

• [By John Divine]

  Lastly, slot machine maker International Game Technology (NYSE: IGT  ) slumped 7.3%, due largely to negative analyst sentiment. Unlike AMD and Microsoft, IGT doesn't report quarterly results until next Tuesday, so the comments today were sure to attract the attention of some uneasy investors before official numbers come out. A Janney Capital Markets analyst said that the stock's been driven up to a point wher! e it no l! onger offers newcomers an attractive entry point. On top of that, IGT is set to start losing market share, will see higher costs, and will be able to buy back less stock in the future, according to the report.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-5-supermarket-stocks-for-2015.html