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 potential capital gains of 5.31 percent. The most pessimistic price target was 42, which equates to a potential downside of -7.85 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 2.88 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, though it could be better to see where the ratio stands relative to peers in the industry. 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. Currently the stock is 50.28 percent higher than its low, and 3.96 percent below the high. ITC has a price/earnings 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 will post this quarters earnings in -810 days, on 2016-11-03.