Analyst Rating Update on ITC Holdings (ITC)

ITC Holdings (NYSE:ITC) : Zacks Investment Research ranks ITC Holdings (NYSE:ITC) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.71, which indicates as a Hold.

ITC Holdings (NYSE:ITC) stock is expected to deviate a maximum of $4.62 from the average target price of $41 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $37.

Company shares have received an average consensus rating of Hold for the current week

ITC Holdings (NYSE:ITC): stock turned positive on Tuesday. Though the stock opened at $46.12, the bulls momentum made the stock top out at $46.24 level for the day. The stock recorded a low of $45.85 and closed the trading day at $45.97, in the green by 0.07%. The total traded volume for the day was 1,434,124. The stock had closed at $45.94 in the previous days trading.

In an insider trading activity,The officer (SVP & General Counsel) of Itc Holdings Corp., Mason Soneral Christine sold 8,616 shares at $44.54 on May 27, 2016. The Insider selling transaction had a total value worth of $383,757. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.