ITT Corporation (ITT) has risen sharply, recording gains of 13.91% in the past 4 weeks. However, the stock has corrected -0.25% in the past 1 week, providing a good buying opportunity on dips. ITT Corporation (ITT) : Traders are bullish on ITT Corporation (ITT) as it has outperformed the S&P 500 by a wide margin of 14.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.41%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.35% and the fifty day Moving Average is 8.11%. ITT Inc. is up 1.24% in the last three month period. Year-to-Date the stock performance stands at 0.13%.
ITT Corporation (ITT) : The highest level ITT Corporation (ITT) is projected to reach is $42 for the short term and the lowest estimate is at $32. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $38.56 and the possibility the share price can swing is $3.68.
ITT Corporation (NYSE:ITT): stock turned positive on Friday. Though the stock opened at $36.05, the bulls momentum made the stock top out at $36.49 level for the day. The stock recorded a low of $35.8 and closed the trading day at $36.12, in the green by 0.50%. The total traded volume for the day was 322,738. The stock had closed at $35.94 in the previous days trading.
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.