ITT Inc (NYSE:ITT) currently has a daily average trading volume of 635.58K but it saw 754642 shares traded in last market. With a market cap of 11.09B USD, the company’s current market price of $137.02 came rising about 0.09 while comparing to the previous closing price of $136.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $161.13 and as low as $105.64. In the recent trading on the day, stock has struck highest price mark of $132.92 while lowest mark touched by it was $137.445.
Taking a look at 20-day trading activity of ITT Inc (ITT) gives us an average price of $127.39, while its current price level is -14.96% below from 52-week high level whereas it is 29.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $133.30 while that of 200 days or SMA-200 reads an average of $141.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.86% during that period while stretching the period over a month that increases to 4.58%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.76 which implies that the stock is in neutral territory.
BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on November 16, 2023 while assigning a price target range of $105-$125. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $113 and $74.
Over the week, ITT’s stock price is moving 3.59% up while it is 6.09% when we observe its performance for the past one month. Year-to-date it is -4.10% down and over the past year, the stock is showing an upside performance of 4.44%.
The company is expected to be releasing its next quarterly report on 2025-Feb-05, for which analysts forecasted an EPS of 1.44 while estimate for next year EPS is 6.31. In next quarter, company is expected to be making quarterly sales of $937M as analysts are expecting the sales for current fiscal year at $3.76B and seeing the company making $3.93B in sales next year. Moreover, analysts are in estimates of $907.48M for current-quarter revenue.
Currently, ITT Inc’s total number of outstanding shares is 81.50M with 0.63% of that held by the insiders while 94.55% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 16.89% and return on equity (ROE) at 19.60%. It has a price to earnings ratio (P/E ratio) of 21.75 while having a 19.48 of forward P/E ratio. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 4.04 while price to sale or P/S ratio amounts to 3.06. Its return on asset (ROA) is 12.00% on average.
