Stock To Watch: ITC Holdings Corp. (NYSE:ITC)


The leading market experts have placed a mean price target of $45.75 on ITC Holdings Corp. (NYSE:ITC) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.56 a share for the upcoming quarter and $2.14 for the current fiscal.

Technical View

The technical analysis of ITC Holdings Corp. Common Stock plainly substantiates that the 50-day moving average of ITC Holdings Corp. Common Stock is $46.28, and stock is trading $-0.06 points away or -0.13% from its 50-day moving average of $46.28. Further it is trading $1.65 or +3.71% away its 200-day moving average of $44.57. ITC Holdings Corp. (NYSE:ITC) 52-week high is $47.46 and the 52-week low is $30.33.

This explains if the stock moves $-1.24, it will post a 52-week high. In event of +52.39% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of ITC Holdings Corp. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ITC Holdings Corp. (NYSE:ITC) ratio came in at 29.86.

The stock last ended the trading session at $46.22 and registered a market cap of $7.01B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ITC Holdings Corp. (NYSE:ITC) PEG ratio is at 1.68.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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