Investment Technology Group Stock Rating Upgraded by Zacks (ITG)
Investment Technology Group (NYSE:ITG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, American Banking News.com reports. The firm currently has a $21.80 price target on the stock. Zacks‘ price target would indicate a potential upside of 6.03% from the stock’s previous close.
Investment Technology Group (NYSE:ITG) traded up 0.24% on Wednesday, hitting $20.56. 207,987 shares of the company’s stock traded hands. Investment Technology Group has a 1-year low of $9.12 and a 1-year high of $20.87. The stock’s 50-day moving average is $19.59 and its 200-day moving average is $16.72. The company has a market cap of $746.0 million and a P/E ratio of 52.32.
Investment Technology Group (NYSE:ITG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.05. The company had revenue of $127.60 million for the quarter, compared to the consensus estimate of $127.30 million. During the same quarter last year, the company posted $0.01 earnings per share. Investment Technology Group’s revenue was up 6.7% compared to the same quarter last year.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Investment Technology Group from $17.00 to $20.00 in a research note to investors on Wednesday, October 23rd. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.60.
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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