Investment Technology Group Price Target Raised to $20.00 at JPMorgan Chase & Co. (ITG)
JPMorgan Chase & Co. raised their price target on shares of Investment Technology Group (NYSE:ITG) from $17.00 to $20.00 in a research note issued on Wednesday, Analyst RN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 23.76% from the company’s current price.
Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Investment Technology Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.77.
Investment Technology Group (NYSE:ITG) opened at 16.16 on Wednesday. Investment Technology Group has a one year low of $7.75 and a one year high of $17.89. The stock has a 50-day moving average of $16.1 and a 200-day moving average of $13.59. The company has a market cap of $591.1 million and a price-to-earnings ratio of 82.61.
Investment Technology Group (NYSE:ITG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $139.30 million for the quarter, compared to the consensus estimate of $131.50 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Investment Technology Group will post $0.78 EPS for the current fiscal year.
Investment Technology Group, Inc (NYSE:ITG) is an independent execution and research broker that partners with global portfolio managers and traders to provide data-driven insights throughout the investment process.
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