ITC Holdings (ITC) Receives Analyst Rating

ITC Holdings (ITC) : 1 brokerage houses believe that ITC Holdings (ITC) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ITC Holdings (ITC). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.71.

ITC Holdings (ITC) : Average target price received by ITC Holdings (ITC) is $43 with an expected standard deviation of $5.29. The most aggressive target on the stock is $47, whereas the most downbeat target is $37. 3 financial analysts are currently covering the stock.


ITC Holdings (NYSE:ITC): After opening at $45.39, the stock dipped to an intraday low of $45.23 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $45.67 and the buying power remained strong till the end. The stock closed at $45.44 for the day, a gain of 0.49% for the day session. The total traded volume was 663,207. The stocks close on the previous trading day was $45.22.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

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