Key Takeaways From Illinois Tool Works Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Illinois Tool Works (NYSE:ITW) over the past three months, with a recent average 12-month price target of $258.0, down 1.74% from the previous average. The company faces challenges with a -1.14% revenue decline but shows strong profitability with a 20.61% net margin and a 27.16% ROE.
July 02, 2024 | 2:00 pm
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Illinois Tool Works (NYSE:ITW) received mixed analyst ratings over the past three months, with a recent average 12-month price target of $258.0, down 1.74% from the previous average. The company faces a -1.14% revenue decline but maintains strong profitability with a 20.61% net margin and a 27.16% ROE.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on ITW's stock price. The company's strong profitability metrics counterbalance the negative revenue trend, leading to a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100