Share on StockTwits

Investment Technology Group (NYSE:ITG)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a $23.00 price objective on the stock, down from their previous price objective of $24.00. JPMorgan Chase & Co.’s target price points to a potential upside of 17.65% from the stock’s previous close.

A number of other firms have also recently commented on ITG. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Investment Technology Group from $21.00 to $22.00 in a research note on Friday, May 2nd. Analysts at TheStreet upgraded shares of Investment Technology Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Three analysts have rated the stock with a buy rating, Investment Technology Group has a consensus rating of “Buy” and a consensus target price of $20.20.

Shares of Investment Technology Group (NYSE:ITG) traded down 5.63% during mid-day trading on Tuesday, hitting $18.45. 162,754 shares of the company’s stock traded hands. Investment Technology Group has a 52 week low of $13.66 and a 52 week high of $20.87. The stock has a 50-day moving average of $19.30 and a 200-day moving average of $18.85. The company has a market cap of $664.2 million and a price-to-earnings ratio of 20.22.

Investment Technology Group (NYSE:ITG) last announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $137.60 million for the quarter, compared to the consensus estimate of $142.12 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Investment Technology Group will post $1.23 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.