ITG (NASDAQ:ITG) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of ITG (NASDAQ:ITG – Free Report) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of ITG to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings assumed coverage on shares of ITG in a report on Friday, September 25th. They set a “sell (e-)” rating for the company. Stifel Nicolaus assumed coverage on shares of ITG in a research report on Monday, July 27th. They set a “buy” rating and a $16.00 target price on the stock. Bank of America initiated coverage on shares of ITG in a research report on Monday, July 27th. They set a “buy” rating and a $16.00 target price on the stock. Finally, KeyCorp initiated coverage on shares of ITG in a research note on Monday, July 27th. They issued an “overweight” rating and a $17.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.22.

Check Out Our Latest Stock Analysis on ITG

ITG Stock Performance

Shares of NASDAQ ITG opened at $7.57 on Friday. The company has a fifty day moving average price of $11.55. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 23.48. The firm has a market capitalization of $939.89 million and a price-to-earnings ratio of 94.62. ITG has a one year low of $6.55 and a one year high of $19.26.

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

About ITG

(Get Free Report)

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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Analyst Recommendations for ITG (NASDAQ:ITG)

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