Barclays Reiterates an 'Equalweight' on ITT Corp. (ITT); New Format to Push Out Profit Rebound?
Tweet
Share
E-mailGet Alerts ITT Hot Sheet
Price: $208.10 -0.02%
Rating Summary:
16 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays reiterates an 'Equalweight' on ITT Corp. (NYSE: ITT) price target lowered by $2 to $98.
Barclays analyst says, "We are trimming our 2011-12 EPS estimates by $0.38/$0.16 to $10.20/$7.55 (-9%/-26% y/y) to work in weaker enrollments and margins, partially offset by buybacks. We are also trimming our price target to $98, or 13x our new CY'12 EPS estimate of $7.55."
"While we believe that ESI is a well managed company and the stock is inexpensive at CY'12 P/E of 12x and FCF yield of 11%, uncertainty regarding the timing of an enrollment turn and earnings rebound keep us on the sidelines."
For more ratings news on ITT Corp. click here and for the rating history of ITT Corp. click here.
Shares of ITT Corp. closed at $56.45 yesterday.
Barclays analyst says, "We are trimming our 2011-12 EPS estimates by $0.38/$0.16 to $10.20/$7.55 (-9%/-26% y/y) to work in weaker enrollments and margins, partially offset by buybacks. We are also trimming our price target to $98, or 13x our new CY'12 EPS estimate of $7.55."
"While we believe that ESI is a well managed company and the stock is inexpensive at CY'12 P/E of 12x and FCF yield of 11%, uncertainty regarding the timing of an enrollment turn and earnings rebound keep us on the sidelines."
For more ratings news on ITT Corp. click here and for the rating history of ITT Corp. click here.
Shares of ITT Corp. closed at $56.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- CoStar Group acquires Zonda for $800M, adding new home data
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
