Analyst Ratings for ITC Holdings Corp. (ITC)Updated: 2016-10-11
A number of analysts gave price targets for ITC. The most optimistic price target was 48, implying a possible profit of 5.31 percent. The lowest price target was 42, implying potential capital losses of -7.85 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 2.88 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.71 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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 decreased their estimates.
ITC has an estimated earnings growth rate of 41.4 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ITC is 0.72.
In the trailing 52-weeks, ITC hit 47.46 at the highest peak, while it's lowest trading point was 30.33. Today's price is 50.28 percent above the 52-week low, and 3.96 percent lower than its 52-week 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's next earnings release will be on 2016-11-03, which is -865 days away.