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.

ITW was given price targets by several analysts. The most optimistic price target was 170, implying potential capital gains of 20.71 percent. The minimum price target given was 120, implying potential capital losses of -14.79 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.91 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.53 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.65 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.82 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 4 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 9 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of ITW to grow at a rate of 4.3 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, 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. ITW has a PEG ratio of 5.3.

In the trailing 52-weeks, ITW hit 150.29 at the highest peak, while it's lowest trading point was 111.50. Today's price is 26.3 percent above the 52-week low, and 6.29 percent lower than its 52-week high. ITW has a price/earnings 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.