ITT Corp PT Raised to $56.00 (ITT)
Equities researchers at Stifel Nicolaus boosted their target price on shares of ITT Corp (NYSE:ITT) from $53.00 to $56.00 in a research report issued on Friday. Stifel Nicolaus’ price objective would indicate a potential upside of 20.95% from the stock’s previous close.
Shares of ITT Corp (NYSE:ITT) traded up 0.72% during mid-day trading on Friday, hitting $46.30. 1,288,688 shares of the company’s stock traded hands. ITT Corp has a 52-week low of $32.57 and a 52-week high of $48.84. The stock’s 50-day moving average is $47.34 and its 200-day moving average is $44.1. The company has a market cap of $4.246 billion and a P/E ratio of 8.47.
ITT Corp (NYSE:ITT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $663.00 million for the quarter, compared to the consensus estimate of $637.02 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that ITT Corp will post $2.38 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ITT. Analysts at Barclays raised their price target on shares of ITT Corp from $42.00 to $46.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks upgraded shares of ITT Corp from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $58.00 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of ITT Corp from $50.00 to $52.00 in a research note on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.21.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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