ITT Inc. (ITT) Rating Reiterated by Stifel Nicolaus

ITT Inc. (NYSE:ITT)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research report issued on Wednesday. They presently have a $49.00 price target on the conglomerate’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.37% from the company’s current price.

ITT has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) cut shares of ITT from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. BidaskClub raised shares of ITT from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of ITT from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. ITT currently has a consensus rating of “Buy” and a consensus target price of $46.29.

ITT (NYSE:ITT) opened at 39.40 on Wednesday. ITT has a 52-week low of $32.46 and a 52-week high of $44.00. The stock has a 50 day moving average price of $40.96 and a 200 day moving average price of $40.51. The firm has a market cap of $3.47 billion, a P/E ratio of 16.87 and a beta of 1.47.

ITT (NYSE:ITT) last posted its earnings results on Friday, August 4th. The conglomerate reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. ITT had a net margin of 8.64% and a return on equity of 14.17%. The firm had revenue of $630.90 million for the quarter, compared to analysts’ expectations of $628.65 million. During the same quarter last year, the firm earned $0.67 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that ITT will post $2.46 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/08/18/itt-inc-itt-rating-reiterated-by-stifel-nicolaus.html.

A number of large investors have recently modified their holdings of the stock. Pinnacle Financial Partners Inc. acquired a new stake in shares of ITT during the second quarter worth about $105,000. Riverhead Capital Management LLC boosted its stake in shares of ITT by 57.0% in the second quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock worth $117,000 after buying an additional 1,059 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ITT by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock worth $132,000 after buying an additional 314 shares during the last quarter. Timber Hill LLC acquired a new stake in shares of ITT during the first quarter worth about $201,000. Finally, Coastline Trust Co acquired a new stake in shares of ITT during the first quarter worth about $205,000. 95.19% of the stock is currently owned by institutional investors and hedge funds.

About ITT

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

Analyst Recommendations for ITT (NYSE:ITT)

Receive News & Ratings for ITT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply