In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on ITT Corp (ITT), with a price target of $69. The company’s shares closed yesterday at $61.87, close to its 52-week high of $63.04.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 4.6% and a 56.0% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Illinois Tool Works, and Sun Hydraulics Corp.
ITT Corp has an analyst consensus of Strong Buy, with a price target consensus of $65.83.
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Based on ITT Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $51.9 million. In comparison, last year the company had a net profit of $101 million.
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ITT, Inc. engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies.
