ITT Inc [NYSE: ITT] price plunged by -0.39 percent to reach at -$0.56.
The one-year ITT stock forecast points to a potential upside of 16.12. The average equity rating for ITT stock is currently 1.57, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on ITT Inc [ITT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITT shares is $170.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITT stock is a recommendation set at 1.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for ITT Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $105 to $125. The new note on the price target was released on November 16, 2023, representing the official price target for ITT Inc stock. Previously, the target price had yet another drop from $113 to $74, while BofA Securities kept a Neutral rating on ITT stock. On April 08, 2022, analysts decreased their price target for ITT shares from 107 to 95.
The Average True Range (ATR) for ITT Inc is set at 3.07, with the Price to Sales ratio for ITT stock in the period of the last 12 months amounting to 3.30. The Price to Book ratio for the last quarter was 4.24, with the Price to Cash per share for the same quarter was set at 5.66. Price to Free Cash Flow for ITT in the course of the last twelve months was 30.40 with Quick ratio for the last quarter at 1.09.
ITT Stock Performance Analysis:
ITT Inc [ITT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.04. With this latest performance, ITT shares dropped by -8.21% in over the last four-week period, additionally plugging by 10.72% over the last 6 months – not to mention a rise of 23.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITT stock in for the last two-week period is set at 38.38, with the RSI for the last a single of trading hit 37.56, and the three-weeks RSI is set at 41.06 for ITT Inc [ITT]. The present Moving Average for the last 50 days of trading for this stock 149.56, while it was recorded at 142.88 for the last single week of trading, and 139.13 for the last 200 days.
Insight into ITT Inc Fundamentals:
ITT Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.58.
ITT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ITT Inc go to 13.08%.
ITT Inc [ITT] Institutonal Ownership Details
There are presently around $91.93%, or 92.51%% of ITT stock, in the hands of institutional investors. The top three institutional holders of ITT stocks are: VANGUARD GROUP INC with ownership of 8.41 million shares, which is approximately 10.2327%. CAPITAL INTERNATIONAL INVESTORS, holding 8.36 million shares of the stock with an approximate value of $$1.08 billion in ITT stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $$955.95 million in ITT stock with ownership which is approximately 9.0026%.
