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Equities research analysts at Leerink Swann assumed coverage on shares of ITC Holdings Corp. (NYSE:ITC) in a research note issued to investors on Wednesday. The firm set an “outperform” rating and a $34.00 price target on the stock. Leerink Swann’s price target suggests a potential downside of 6.00% from the stock’s previous close.

ITC Holdings Corp. (NYSE:ITC) opened at 36.17 on Wednesday. ITC Holdings Corp. has a 52-week low of $28.60 and a 52-week high of $38.43. The stock’s 50-day moving average is $35.91 and its 200-day moving average is $36.02. The company has a market cap of $5.658 billion and a P/E ratio of 22.15.

ITC Holdings Corp. (NYSE:ITC) last released its earnings data on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.01. The company had revenue of $263.20 million for the quarter, compared to the consensus estimate of $265.01 million. During the same quarter last year, the company posted $1.20 earnings per share. ITC Holdings Corp.’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that ITC Holdings Corp. will post $1.87 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Argus upgraded shares of ITC Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 21st. They now have a $42.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of ITC Holdings Corp. in a research note on Friday, June 20th. They now have a $38.50 price target on the stock, down previously from $41.00. Finally, analysts at Credit Suisse downgraded shares of ITC Holdings Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, June 20th. They now have a $34.50 price target on the stock, up previously from $31.33. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.71.

ITC Holdings Corp. (NYSE:ITC) is engaged in the electric transmission operations of its Regulated Operating Subsidiaries.

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