Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $119.50 on Illinois Tool Works Inc. (NYSE:ITW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.63 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Illinois Tool Works Inc. (NYSE:ITW) stands at 22.25.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Illinois Tool Works Inc. Common, the PEG ratio for coming 3-5 years is 2.57.
The technical analysis highlights that Illinois Tool Works Inc. Common current is trading $4.59 points away or +4.00% from its 50-day moving average of $114.91. Further it is trading $14.21 or +13.50% away its 200-day moving average of $105.29.
The 52-week high of Illinois Tool Works Inc. (NYSE:ITW) was $120.50 while lowest point recorded in 52-week was $79.15. It implies if stock price makes a movement of over $-1.00, it will record a new 52-week high. In the case of +50.98% drop, it will touch a new 52-week low.
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