Wall Street Zen upgraded shares of ITG (NASDAQ:ITG – Free Report) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.
Other research analysts have also issued reports about the stock. Robert W. Baird assumed coverage on shares of ITG in a research note on Monday, July 27th. They issued an “outperform” rating and a $19.00 target price on the stock. UBS Group started coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $18.00 price target for the company. Bank of America assumed coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $16.00 price objective on the stock. Morgan Stanley lowered their price objective on ITG from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Vertical Research assumed coverage on ITG in a report on Monday, July 27th. They issued a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.56.
Check Out Our Latest Stock Report on ITG
ITG Stock Performance
ITG (NASDAQ:ITG – Get Free Report) last released its earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $333.92 million for the quarter. Sell-side analysts expect that ITG will post 0.54 EPS for the current year.
About ITG
Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology and brokerage company that provided electronic trading, transaction research and investment technology services to institutional investors. Its offerings were designed to help asset managers, hedge funds and other professional investors execute trades, analyze market activity and manage trading costs.
ITG operated trading platforms and alternative trading systems, including POSIT, an electronic crossing network that matched buy and sell orders.
Recommended Stories
- Five stocks we like better than ITG
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
- 3 AI Winners, 3 Very Different Paths to Higher Margins
- Plexus Is Booming—But Can the Growth Story Last?
Receive News & Ratings for ITG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITG and related companies with MarketBeat.com's FREE daily email newsletter.
