ITT Corp Sets New 12-Month High at $48.84 (ITT)
ITT Corp (NYSE:ITT)’s share price hit a new 52-week high on Thursday , Analyst RN reports. The stock traded as high as $48.84 and last traded at $48.65, with a volume of 172,383 shares trading hands. The stock had previously closed at $48.23.
A number of research firms have recently commented on ITT. Analysts at Stifel Nicolaus raised their price target on shares of ITT Corp from $53.00 to $56.00 in a research note on Friday, August 1st. Separately, analysts at Barclays raised their price target on shares of ITT Corp from $42.00 to $46.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of ITT Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $58.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.21.
The stock’s 50-day moving average is $47.57 and its 200-day moving average is $45.16. The company has a market cap of $4.434 billion and a P/E ratio of 8.71.
ITT Corp (NYSE:ITT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. ITT Corp’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that ITT Corp will post $2.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, September 10th.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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