Analyst Ratings for Illinois Tool Works Inc. (ITW)

Updated: 2017-07-28

An average rating of Overweight has been given to Illinois Tool Works Inc. (NYSE:ITW) by analysts covering the stock. ITW had previously received a consensus rating of Overweight a month ago.

A buy rating was issued by 9 analysts, 0 issued an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has decreased by 1.

A number of analysts gave price targets for ITW. The highest price target was 170, implying a possible profit of 20.71 percent. The most pessimistic price target was 120, implying potential capital losses of -14.79 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 0.91 percent. That number becomes 1.53 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 1.65 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.82 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of ITW's earnings is estimated by analysts to be 4.3 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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 ITW is 5.3.

In the last 52-weeks, ITW has achieved a high of 150.29 and a low of 111.50. The current market price is above the trailing year's low by 26.3 percent, and below the high by 6.29 percent. ITW has a P/E ratio of 22.79. Investors typically compare the P/E ratio to a company's peers in the industry. The ITW value stock report compares ITW to some of its peers using value stock charts. The market cap of ITW is $48.65 billion. ITW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.