A number of firms have modified their ratings and price targets on shares of ITT (NYSE: ITT) recently:

  • 8/5/2017 – ITT was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – ITT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ITT Inc. has a robust earnings surprise history, having beaten estimates thrice in the trailing four quarters. Also, the company’s current year estimates have moved north over the past couple of months. The company’s bottom line is expected to benefit from improved operating efficiency and successful cost containment actions. Further, ITT Inc.’s shares have outperformed the industry average over the past year.  ITT Inc. has achieved operational excellence through its Lean Six Sigma program. However, on the flip side, softness in industrial, oil & gas markets and aerospace and defense business is expected to affect client spending adversely, thus restricting the company’s growth to a great extent. Also, sluggish aerospace and defense business, long cycle defense platform dynamics, and increasing pricing pressures, are adding to the company’s woes. might add to the company’s woes.”
  • 7/28/2017 – ITT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “ITT Inc. has a robust earnings surprise history, having beaten estimates thrice in the trailing four quarters. ITT Inc.’s diversified operations across key end markets, geographies and business cycles, is one of the company’s biggest strengths that helps in combating weakness in a single market. Also, the company’s current year estimates have moved north over the past couple of months. The company’s bottom line is expected to benefit from improved operating efficiency and successful cost containment actions. Further, ITT Inc.’s shares have outperformed the industry average over year to date. ITT Inc. has achieved operational excellence through its Lean Six Sigma program. However, on the negative side, softness in industrial, oil & gas markets and aerospace and defense business is expected to affect client spending adversely, thus restricting the company’s growth to a great extent.”
  • 7/27/2017 – ITT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ITT Inc. has a robust earnings surprise history, having beaten estimates thrice in the trailing four quarters. Also, the company’s current year estimates have moved north over the past couple of months. The company’s bottom line is expected to benefit from improved operating efficiency and successful cost containment actions. Further, ITT Inc.’s shares have outperformed the industry average over year to date. ITT Inc. has achieved operational excellence through its Lean Six Sigma program. However, on the negative side, softness in industrial, oil & gas markets and aerospace and defense business is expected to affect client spending adversely, thus restricting the company’s growth to a great extent. Also, sluggish aerospace and defense business might add to the company’s woes. Uncertainty about the new U.S. Administration’s policies also poses a huge risk to the company’s operations.”
  • 7/25/2017 – ITT was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – ITT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “ITT Inc. has a robust earnings surprise history, having beaten estimates thrice in the trailing four quarters. The company’s focus on business streamlining, cost controls and efficiency continues to prove beneficial to its financial performance. ITT Inc.’s diversified operations across key end markets adds to its strength. The company’s bottom line is expected to benefit from improved operating efficiency and successful cost containment actions. Further, ITT Inc.’s shares have outperformed the Zacks categorized Diversified Operations industry average over the past year. ITT Inc. has achieved operational excellence through its Lean Six Sigma program, restructuring initiatives and global sourcing efforts. However, softness in industrial, oil & gas markets and aerospace and defense business is expected to affect client spending adversely, thus restricting the company’s growth to a great extent.”
  • 7/6/2017 – ITT was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/6/2017 – ITT was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – ITT was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

ITT Inc. (NYSE:ITT) opened at 41.98 on Monday. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 19.35 and a beta of 1.47. The firm has a 50-day moving average price of $40.52 and a 200-day moving average price of $40.59. ITT Inc. has a one year low of $32.45 and a one year high of $44.00.

ITT (NYSE:ITT) last issued its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The business had revenue of $630.90 million for the quarter, compared to analyst estimates of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. ITT’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. Analysts expect that ITT Inc. will post $2.44 EPS for the current year.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

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