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

Key Points

• Wall Street Zen upgraded ITG from “hold” to “buy.” Other analysts have issued mostly positive ratings, resulting in a consensus “Moderate Buy” rating and an average price target of $17.56.
• Recent analyst price targets include $16 from Bank of America, $17 from Truist Financial, and $20 from Vertical Research, although Weiss Ratings assigned a “sell” rating.
• ITG opened at $6.88, near its 12-month low of $6.55 and well below its 12-month high of $19.26. In its latest quarter, the company reported a loss of $0.08 per share on $333.92 million in revenue.

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

A number of other brokerages also recently commented on ITG. Bank of America began coverage on ITG in a research report on Monday, July 27th. They set a "buy" rating and a $16.00 price objective for the company. Truist Financial lifted their price target on shares of ITG from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Zacks Research upgraded shares of ITG to a "hold" rating in a report on Tuesday, July 28th. Vertical Research assumed coverage on shares of ITG in a research report on Monday, July 27th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, Weiss Ratings started coverage on shares of ITG in a report on Friday, September 25th. They issued a "sell (e-)" rating on the stock. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.56.

ITG Stock Down 1.9%

NASDAQ:ITG opened at $6.88 on Friday. ITG has a 12-month low of $6.55 and a 12-month high of $19.26. The company has a fifty day moving average of $12.05.

ITG (NASDAQ:ITG - Get Free Report) last issued its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $333.92 million during the quarter. Equities research analysts predict that ITG will post 0.54 earnings per share for the current year.

ITG Company Profile

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.

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