ITT Inc (NYSE: ITT) has reported E.P.S. of $1.45 for its second fiscal quarter (ending June 30) versus $1.31 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.28 compared to $5.15 a year ago.
Recent Price Action
On 8/1/24, ITT Inc (NYSE: ITT) stock declined modestly by -1.6%, closing at $139.22. Moreover, this decline was accompanied by unusually high trading volume at 170% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITT is expected to continue to be a major Value Builder.
ITT has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ITT has a poor Appreciation Score of 21 but a good Power Rating of 84, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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