Illinois Tool Works Given Average Rating of “Hold” by Brokerages (NYSE:ITW)
Shares of Illinois Tool Works (NYSE:ITW) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the stock, Stock Ratings Network.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $89.21.
ITW has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $102.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Illinois Tool Works from an “outperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $92.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Illinois Tool Works in a research note on Thursday, May 15th. They now have a $68.00 price target on the stock.
Shares of Illinois Tool Works (NYSE:ITW) opened at 85.92 on Thursday. Illinois Tool Works has a 1-year low of $70.17 and a 1-year high of $89.50. The stock’s 50-day moving average is $87.56 and its 200-day moving average is $83.62. The company has a market cap of $35.449 billion and a P/E ratio of 21.28.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.03. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Illinois Tool Works will post $4.57 earnings per share for the current fiscal year.
Illinois Tool Works Inc is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries.
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