ITT Corp Price Target Increased to $38.00 by Analysts at FBR Capital Markets (ITT)
Equities research analysts at FBR Capital Markets increased their price target on shares of ITT Corp (NYSE:ITT) from $32.00 to $38.00 in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price indicates a potential downside of 10.88% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of ITT Corp from $47.00 to $53.00 in a research note on Tuesday. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp in a research note on Friday, November 29th. They now have a $43.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ITT Corp has a consensus rating of “Hold” and an average price target of $41.75.
Shares of ITT Corp (NYSE:ITT) opened at 42.64 on Tuesday. ITT Corp has a 52 week low of $24.95 and a 52 week high of $44.87. The stock has a 50-day moving average of $42.10 and a 200-day moving average of $38.53. The company has a market cap of $3.872 billion and a P/E ratio of 7.82.
ITT Corp (NYSE:ITT) last released its earnings data on Friday, February 14th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.02. The company had revenue of $646.00 million for the quarter, compared to the consensus estimate of $631.85 million. During the same quarter last year, the company posted $0.37 earnings per share. ITT Corp’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that ITT Corp will post $2.29 EPS 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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