Analyst Rating Update on ITT Corporation (ITT)

ITT Corporation (NYSE:ITT) : Zacks Investment Research ranks ITT Corporation (NYSE:ITT) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.27, which indicates as a Buy.

ITT Corporation (NYSE:ITT) : The highest short term price target forecast on ITT Corporation (NYSE:ITT) is $46 and the lowest target price is $32. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $39.56 with a standard deviation of $3.84.

For the current week, the company shares have a recommendation consensus of Buy. Also, Seaport Global upgrades its rating on ITT Corporation (NYSE:ITT). The global brokerage major raises the current price target from $37 per share to $41 per share. Analysts at the Seaport Global have a current rating of Buy on the shares. The shares were previously rated Accumulate. The rating by the firm was issued on June 10, 2016.

ITT Corporation (NYSE:ITT): stock turned positive on Tuesday. Though the stock opened at $31.01, the bulls momentum made the stock top out at $32.16 level for the day. The stock recorded a low of $31.01 and closed the trading day at $32.04, in the green by 4.95%. The total traded volume for the day was 1,217,782. The stock had closed at $30.53 in the previous days trading.

In an insider trading activity,The officer (See Remarks) of Itt Inc., Chicles Aris C sold 90,778 shares at $35.61 on May 31, 2016. The Insider selling transaction had a total value worth of $3,232,605. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Companys product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.

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