ITT Corp Sets New 1-Year High at $43.66 (ITT)
ITT Corp (NYSE:ITT) set a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $43.66 and last traded at $43.27, with a volume of 362,383 shares. The stock had previously closed at $43.19.
ITT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp in a research note to investors on Friday, November 29th. They now have a $43.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of ITT Corp in a research note to investors on Tuesday, November 19th. They set a “buy” rating and a $47.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of ITT Corp from $35.00 to $40.00 in a research note to investors on Friday, November 1st. They now have an “equal weight” rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. ITT Corp presently has a consensus rating of “Hold” and an average target price of $40.25.
ITT Corp has a 1-year low of $24.21 and a 1-year high of $43.66. The stock has a 50-day moving average of $41.65 and a 200-day moving average of $36.05. The company has a market cap of $3.941 billion and a price-to-earnings ratio of 7.85.
ITT Corp (NYSE:ITT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.30. The company had revenue of $634.00 million for the quarter, compared to the consensus estimate of $606.60 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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