Throughout the last three months, 6 analysts have evaluated ITT (NYSE:ITT), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for ITT, presenting an average target of $168.0, a high estimate of $183.00, and a low estimate of $163.00. Surpassing the previous average price target of $158.83, the current average has increased by 5.77%.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of ITT's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Vladimir Bystricky | Citigroup | Raises | Buy | $183.00 | $176.00 |
| Joseph Giordano | TD Cowen | Raises | Buy | $165.00 | $150.00 |
| Michael Halloran | Baird | Lowers | Outperform | $163.00 | $165.00 |
| Nathan Jones | Stifel | Raises | Buy | $167.00 | $157.00 |
| Jeffrey Hammond | Keybanc | Raises | Overweight | $164.00 | $155.00 |
| Joe Ritchie | Goldman Sachs | Raises | Buy | $166.00 | $150.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ITT. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of ITT compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of ITT's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ITT's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on ITT analyst ratings.
Unveiling the Story Behind ITT
ITT Inc is a diversified manufacturer of engineered critical components and customized technology solutions predominantly for the transportation, industrial and energy markets. The company's products include, brake pads, shock absorbers, pumps, valves, connectors, switches and others. Its operating segments are; Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). The majority of the revenue is generated from the Motion Technologies segment which is a manufacturer of brake pads, shims, shock absorbers, energy absorption components and sealing technologies. Geographically, the company generates majority of the revenue from North America, and also has its presence in South America, Europe, Asia, Middle East and Africa.
ITT's Financial Performance
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, ITT showcased positive performance, achieving a revenue growth rate of 7.68% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 18.2%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): ITT's ROE stands out, surpassing industry averages. With an impressive ROE of 6.05%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): ITT's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.44% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: ITT's debt-to-equity ratio is below the industry average at 0.34, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
