ITT Corp Price Target Raised to $53.00 at Stifel Nicolaus (ITT)
Research analysts at Stifel Nicolaus hoisted their target price on shares of ITT Corp (NYSE:ITT) from $47.00 to $53.00 in a report released on Tuesday, Analyst Ratings Network.com reports. Stifel Nicolaus’ target price would indicate a potential upside of 24.30% from the stock’s previous close.
Separately, 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. The company presently has an average rating of “Hold” and a consensus price target of $41.00.
ITT Corp (NYSE:ITT) last posted its quarterly earnings results 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.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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