Oppenheimer analyst Bryan Blair maintained a Buy rating on ITT (NYSE:ITT) Corp on Tuesday, setting a price target of 72, which is approximately 12.59% above the present share price of $63.95.
Blair expects ITT Corp to post earnings per share (EPS) of $0.56 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in ITT, with an average price target of $66.
The analysts price targets range from a high of $72 to a low of $60.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $514.7 million and a net profit of $48.4 million. The company's market cap is $5.55 billion.
According to TipRanks.com, Oppenheimer analyst Bryan Blair is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 58.76% success rate.
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. The Motion Technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation. The Industrial Process segment includes engineered fluid process equipment in areas such as chemical, oil and gas, mining, and other industrial process markets as well as providing of plant optimization and efficiency solutions and aftermarket services and parts. The Connect and Control Technologies segment offers harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets. The company was founded in 1920 and is headquartered in White Plains, NY.