Impact of Brokerage Rating on ITT Inc.(ITT)

Many ITT Inc.(ITT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. ITT Corp was Upgraded by BofA/Merrill to Buy on Jan 9, 2017. ITT Corp was Initiated by Aegis Capital on Dec 2, 2016 to Buy, Price Target of the shares are set at $47.

Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Aris C Chicles (officer ) sold 30,570 shares at 41.03 per share price.On May 26, 2016, Thomas M Scalera (Executive VP & CFO) sold 7,019 shares at 36.00 per share price.On Mar 11, 2016, Denise L Ramos (CEO and President) sold 152,594 shares at 35.86 per share price.

ITT Corp Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.42. The company had revenue of $588.00 million for the quarter, compared to analysts expectations of $552.43 million. The companys revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

ITT Inc. (NYSE:ITT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.92 by 13 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

ITT Inc. (NYSE:ITT): According to 11 Analysts, The short term target price has been estimated at $ 42.27.The target price could deviate by a maximum of $6.87 from the forecast price. In the near term, the target price could hit a high of $54 and a low of $ 32.

ITT Inc. (NYSE:ITT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.88% or 0.37 points. After the session commenced at $41.6, the stock reached the higher end at $42.5 while it hit a low of $41.301. With the volume soaring to 842,103 shares, the last trade was called at $41.9. The company has a 52-week high of $43.22. The company has a market cap of $3,696 million and there are 88,200,000 shares in outstanding. The 52-week low of the share price is $30.06.

ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. ITT Inc., formerly known as ITT Corporation, is headquartered in White Plains, New York.


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