ITG (NASDAQ:ITG) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded ITG from “hold” to “buy,” adding to a broadly positive analyst outlook.
• ITG has an average analyst rating of “Buy” and a consensus price target of $17.56, with targets ranging from $16.00 to $18.00.
• Shares opened at $13.11, while the company’s latest quarter reported a loss of $0.08 per share on $333.92 million in revenue; analysts expect full-year EPS of $0.54.

ITG (NASDAQ:ITG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

ITG has been the subject of a number of other research reports. Citigroup assumed coverage on ITG in a research note on Monday, July 27th. They set a "buy" rating and a $17.00 price objective for the company. Morgan Stanley lowered their target price on ITG from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. UBS Group assumed coverage on ITG in a report on Monday, July 27th. They set a "buy" rating and a $18.00 target price on the stock. Stifel Nicolaus began coverage on ITG in a research report on Monday, July 27th. They set a "buy" rating and a $16.00 price target for the company. Finally, KeyCorp initiated coverage on ITG in a report on Monday, July 27th. They issued an "overweight" rating and a $17.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $17.56.

ITG Price Performance

Shares of ITG stock opened at $13.11 on Friday. The business's fifty day simple moving average is $12.84. ITG has a 1 year low of $10.37 and a 1 year high of $19.26.

ITG (NASDAQ:ITG - Get Free Report) last posted its earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $333.92 million for the quarter. As a group, equities analysts anticipate that ITG will post 0.54 earnings per share for the current fiscal year.

ITG Company Profile

ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.

The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.

ITG served institutional clients in the United States and other major financial markets.

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