ITT Corp Hits New 52-Week High at $36.43 (ITT)
Shares of ITT Corp (NYSE:ITT) hit a new 52-week high during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $36.43 and last traded at $36.23, with a volume of 326,915 shares trading hands. The stock had previously closed at $36.05.
ITT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp (NYSE:ITT) in a research note to investors on Thursday, August 22nd. They now have a $35.00 price target on the stock. Analysts at FBR Capital Markets upgraded shares of ITT Corp (NYSE:ITT) from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $32.00 price target on the stock, up previously from $18.50. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ITT Corp presently has a consensus rating of “Hold” and a consensus price target of $32.40.
In other ITT Corp news, SVP Robert Pagano, Jr. unloaded 21,018 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $35.03, for a total transaction of $736,260.54. Following the completion of the sale, the senior vice president now directly owns 65,603 shares in the company, valued at approximately $2,298,073. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ITT Corp has a 1-year low of $19.79 and a 1-year high of $36.38. The stock’s 50-day moving average is $34.34 and its 200-day moving average is $30.68. The company has a market cap of $3.286 billion and a P/E ratio of 22.12.
ITT Corp (NYSE:ITT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $599.47 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that ITT Corp will post $1.94 earnings per share for the current fiscal year.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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