Oppenheimer Believes ITT Corp (ITT) Still Has Room to Grow


In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on ITT Corp (NYSE: ITT). The company’s shares closed yesterday at $56.39, close to its 52-week high of $57.62.

According to TipRanks.com, Blair is a 2-star analyst with an average return of 3.8% and a 87.5% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

ITT Corp has an analyst consensus of Strong Buy, with a price target consensus of $62.33.

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The company has a one-year high of $57.62 and a one-year low of $38.66. Currently, ITT Corp has an average volume of 562.5K.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Denise L. Ramos, the Chief Executive Officer and President of ITT sold 105,295 shares for a total of $5,552,991.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets.

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