Vertical Research Upgrades ITW To A “Buy” Rating

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Illinois Tool Works Co. (NYSE: ITW) got upgraded from a rating of “hold” to a rating of “buy” by the Vertical Research analysts on Monday.

ITW has been the topic of several equities analyst’s reports.BidaskClub lowered its ratings of the company’s stocks from “buy” to “hold” on December 30th, Wednesday. Barney Citigroup raised the target price of the company’s stocks from $203.00 – $211.00 on October 26th, Monday. Stifel Nicolaus raised the price target on the company’s stocks from $194.00 – $195.00 and issued a rating of “hold” on the company’s stocks on October 26th, Monday.BMO Markets raised the price objective of the company’s stocks from $205.00 – $225.00 on October 26th, Monday.

Finally, American Bank raised its ratings of the company’s stocks from “underperform” to “neutral” and lifted the target price on the company’s stocks from $175.00 – $212.00 on October 29th, Thursday. Two analysts issued a rating of “sell”, fourteen analysts have issued a rating of “hold” and three analysts have issued a rating of “buy” on the company’s stocks. The stock has “hold” as its average rating and $187.29 as its target price on average.

More Details About The ITW Stock

ITW stock traded up by $0.23 during mid-day on Monday, reaching $204.11.The firm had 11,474 shares as its trading volume compared to the 1,321,610 as the average volume. The company has $115.94 as its one-year low and $224.69 as its one-year high. The business has $205.92 as its moving average for 50 days and $194.92 as its moving average for 200 days. The company has $64.60 bn in market capitalization, a 30.93 PE ratio, a 4.48 P/E/G ratio, and a 1.08 beta. These are all current figures. The firm has a 1.92 quick ratio, a 2.37 current ratio, and a 2.81 ratio between debt and equity.