Illinois Tool Works (NYSE:ITW) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.67 by 12 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm JP Morgan maintains its rating on Illinois Tool Works (NYSE:ITW). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan raises the price target from $87 per share to $93 per share. The rating by the firm was issued on March 2, 2016.
Illinois Tool Works (NYSE:ITW): According to 7 Analysts, The short term target price has been estimated at $ 113.57.The target price could deviate by a maximum of $7.09 from the forecast price. In the near term, the target price could hit a high of $125 and a low of $ 104.
Illinois Tool Works (NYSE:ITW) witnessed a decline in the market cap on Tuesday as its shares dropped 0.62% or 0.66 points. After the session commenced at $106.64, the stock reached the higher end at $106.74 while it hit a low of $105.97. With the volume soaring to 1,180,207 shares, the last trade was called at $106.07. The company has a 52-week high of $109.54. The company has a market cap of $38,118 million and there are 359,370,350 shares in outstanding. The 52-week low of the share price is $78.79.
Shares of Illinois Tool Works Inc. rose by 0.35% in the last five trading days and 2.84% for the last 4 weeks. Illinois Tool Works Inc. is up 4.27% in the last 3-month period. Year-to-Date the stock performance stands at 15.07%.
Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.