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.

Investment analysts gave a few price targets for ITW. The maximum price target given 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. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. Meanwhile, fiscal year estimates have been revised upwards by 1.65 percent, compared to last month. 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. Over the same time period, 9 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

ITW has an estimated earnings growth rate of 4.3 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, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Currently the stock is 26.3 percent higher than its 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 stock has a market capitalization of $48.65 billion. ITW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.