Wall Street Zen upgraded shares of ITG (NASDAQ:ITG – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.
Several other equities analysts have also weighed in on the stock. Zacks Research raised shares of ITG to a “hold” rating in a research report on Tuesday, July 28th. Robert W. Baird started coverage on shares of ITG in a report on Monday, July 27th. They issued an “outperform” rating and a $19.00 price target on the stock. Truist Financial boosted their price objective on ITG from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, August 17th. KeyCorp started coverage on ITG in a research report on Monday, July 27th. They issued an “overweight” rating and a $17.00 target price on the stock. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ITG currently has a consensus rating of “Moderate Buy” and an average target price of $17.22.
Check Out Our Latest Research Report on ITG
ITG Price Performance
ITG (NASDAQ:ITG – Get Free Report) last announced its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $333.92 million during the quarter. As a group, analysts anticipate that ITG will post 0.54 earnings per share for the current fiscal 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.
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