ITG Inc. (ITG) – What Are Brokerages Thinking About This Stock?

Shares of ITG Inc. (NASDAQ:ITG) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.11.

Several brokerages have issued reports on ITG. Robert W. Baird initiated coverage on shares of ITG in a research note on Monday, July 27th. They issued an “outperform” rating and a $19.00 price target on the stock. Zacks Research upgraded ITG to a “hold” rating in a research note on Tuesday, July 28th. Citigroup decreased their price objective on ITG from $17.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Stifel Nicolaus lowered their price objective on shares of ITG from $16.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Finally, KeyCorp dropped their price target on shares of ITG from $17.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th.

ITG Trading Down 7.4%

Shares of ITG stock opened at $5.66 on Wednesday. The company has a debt-to-equity ratio of 23.48, a current ratio of 2.80 and a quick ratio of 2.80. The business has a fifty day moving average price of $9.10. The firm has a market capitalization of $702.75 million and a PE ratio of 70.75. ITG has a 1-year low of $4.43 and a 1-year high of $19.26.

ITG (NASDAQ:ITG) last announced its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) EPS for the quarter. The business had revenue of $333.92 million for the quarter. As a group, research analysts predict that ITG will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On ITG

An institutional investor recently bought a new stake in ITG stock. Pictet Asset Management Holding SA bought a new stake in shares of ITG Inc. (NASDAQ:ITG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 659,623 shares of the company’s stock, valued at approximately $5,129,000. Pictet Asset Management Holding SA owned 0.53% of ITG at the end of the most recent reporting period.

ITG Company Profile

Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology company that provided electronic trading, brokerage, and investment research services to institutional investors. Its clients included asset managers, hedge funds, broker-dealers, and other financial institutions seeking technology and execution services for trading equities and other securities.

ITG’s products and services included electronic trading platforms, algorithmic trading tools, transaction-cost analysis, portfolio and trading analytics, and outsourced trading support.