Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Sell rating on Illinois Tool Works (NYSE:ITW) on Monday, setting a price target of $207, which is approximately 11.37% below the present share price of $233.56.
Pokrzywinski expects Illinois Tool Works to post earnings per share (EPS) of $2.12 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Illinois Tool Works, with an average price target of $234.33.
The analysts price targets range from a high of $261 to a low of $207.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.54 billion and a net profit of $905 million. The company's market cap is $73.92 billion.
According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.7% and a 61.29% success rate.
Founded in 1912, Illinois Tool Works, Inc. manufactures and sells industrial products and equipment worldwide. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products.