Analyst Ratings for ITC Holdings Corp. (ITC)Updated: 2016-10-11
Several price targets were given for ITC by the analysts covering the stock. The maximum price target given was 48, implying a possible profit of 5.31 percent. The lowest price target was 42, implying potential capital losses of -7.85 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 2.88 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 0.71 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of ITC's earnings is estimated by analysts to be 41.4 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. ITC has a PEG ratio of 0.72.
ITC has traded between a high of 47.46 and a low of 30.33 over the past year. Today's price is 50.28 percent above the 52-week low, and 3.96 percent below the high. ITC has a P/E ratio of 29.61. Investors typically compare the P/E ratio to a company's peers in the industry. The ITC value stock report compares ITC to some of its peers using value stock charts. The market cap of ITC is $7 billion. ITC is estimated to release their earnings results for the quarter on 2016-11-03, days from today.