ITT Educational Services Given New $35.00 Price Target at Barclays Capital (ESI)
Research analysts at Barclays Capital hoisted their price target on shares of ITT Educational Services (NYSE:ESI) from $33.00 to $35.00 in a report released on Monday, American Banking News.com reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price would suggest a potential upside of 18.40% from the stock’s previous close.
ITT Educational Services (NYSE:ESI) traded down 1.83% during mid-day trading on Monday, hitting $29.56. The stock had a trading volume of 246,791 shares. ITT Educational Services has a one year low of $11.69 and a one year high of $32.77. The stock has a 50-day moving average of $29.2 and a 200-day moving average of $23.92. The company has a market cap of $690.8 million and a P/E ratio of 8.29.
ITT Educational Services (NYSE:ESI) last released its earnings data on Thursday, July 25th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.01. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $272.40 million. During the same quarter last year, the company posted $1.96 earnings per share. ITT Educational Services’s revenue was down 21.2% compared to the same quarter last year. Analysts expect that ITT Educational Services will post $3.86 EPS for the current fiscal year.
ESI has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of ITT Educational Services from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, August 28th. Separately, analysts at FBR Capital Markets upgraded shares of ITT Educational Services from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. Finally, analysts at Deutsche Bank raised their price target on shares of ITT Educational Services from $15.00 to $22.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.73.
ITT Educational Services, Inc (NYSE:ESI) is a provider of postsecondary degree programs in the United States.
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