Analyst Revises ITC Holdings Corp. (NYSE:ITC) Stock Target


ITC Holdings Corp. (NYSE:ITC) mean price target has been set at $45.4200 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.5100 in the near-term quarter and $2.1100 for the ongoing fiscal. The market cap of ITC Holdings Corp. Common Stock was recorded at $6.95B after the stock closed at $45.8025 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. ITC Holdings Corp. (NYSE:ITC) has a P/E ratio of 29.5882. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. ITC Holdings Corp. (NYSE:ITC) PEG ratio sits at 1.9400. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of ITC Holdings Corp. Common Stock visibly illustrates that the 50-day MA of ITC Holdings Corp. Common Stock is $46.1986, and stock is trading -0.3961 or -0.8574% distant from $46.1986. The 200-day MA is $43.3320, and this price is $2.4705 or +5.7013% off from current level. ITC Holdings Corp. (NYSE:ITC) 52-week high is $47.4600 and the 52-week low is $30.3300. This represents that if the stock moves $-1.6575 points up on the chart to make a 52-week high. But, if it declines $+51.0139%, then the shares price can hit a new 52-week low.

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