Analyst Ratings for ITC Holdings Corp. (ITC)Updated: 2016-10-11
A number of analysts gave price targets for ITC. The maximum price target given was 48, which equates to a potential upside of 5.31 percent. The most pessimistic analyst gave a price target of 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 2.88 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.71 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. 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.
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 people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ITC is 0.72.
ITC has a 52-week high of 47.46 and a 52-week low of 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 stock has a market capitalization of $7 billion. ITC's next earnings release will be on 2016-11-03, which is -744 days away.