Illinois Tool Works Receives Average Rating of “Hold” from Analysts (NYSE:ITW)
Illinois Tool Works (NYSE:ITW) has been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on 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, July 9th. 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.
Illinois Tool Works (NYSE:ITW) opened at 85.90 on Thursday. Illinois Tool Works has a 52 week low of $70.17 and a 52 week high of $89.50. The stock’s 50-day moving average is $87.62 and its 200-day moving average is $83.66. The company has a market cap of $35.441 billion and a price-to-earnings ratio of 21.01.
Illinois Tool Works (NYSE:ITW) last announced its earnings results 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.
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.