Saturday, November 17, 2012
Monday, January 23, 2012
ITT Corporation (ITT) Upgraded $ 21.42
ITT Corporation (ITT) is a world-renowned name. Based in the U.S., in White Plains, NY, to be specific, this is a highly diversified company with an active presence and activity in defense and security, water and fluid management, and motion and flow control. The current company that we see and know was founded in 1996 under the name ITT Industries Inc. as a spin-off of the original ITT Corporation, and then it changed its name back to ITT Corporation in 2006.
This company belongs to the diversified machinery industry and has 40,000 full-time employees. ITT Corporation has been lauded for its socioeconomic and environmental performance by being named 10 times to the Dow Jones Sustainability World Index. Since it was started in 1999, this company has been named to the list every year, one of the few companies with that distinction.
With shares priced at around $21, the price is precariously close to the low point of the 52-week range of $16.67-$122.42. The average share volume for three months has been 1,994,700. ITT Corporation has a market capitalization of $2.03 billion. The earnings per share is $6.87 and the P/E ratio is low enough for value investors at 3.18. It does yield a dividend of 1.7%.
Its competitor, Dana Holding Corporation (DAN), has a market capitalization of $2.11 billion, with a year-on-year quarterly revenue growth of 28.8% versus ITT’s of 12.8%. Five-year price/earnings to growth is .33 for Dana and 1.33 for ITT Corporation. ITT’s figures for quarterly revenue growth, though low compared with Dana, are in keeping with that of the industry as a whole, which is 11.9%, so that is a positive point.
Some permutations and combinations have been taking place at ITT Corporation. In 2011, by spinning off its defense businesses, the company Exelis was born, and Xylem was given birth to by spinning off its water technology business.
ITT was named a "buy" when the spin-off took place in December 2011. This is because spin-offs are consistently undervalued by the market, so it was considered a good time to buy, with a P/E ratio of 4, $2 billion market cap and $6 billion revenue.
In terms of the profitability of this company, its profit margin is 5.42% and operating margin is 11.67%. As management effectiveness indicators, its return on equity is quite good at 14.86% and return on assets is 6.25%. That is above the asset-heavy mark but still a bit low.
On Dec. 14, 2011, it was reported that ITT Corporation had elected Orlando Ashford to its board of directors, a man with extensive global and human resource leadership experience with a glowing resume — surely another asset to the company.
We have seen ITT’s quarterly revenue growth rate. Its quarterly earnings growth year-on-year is -46.2%. Not very uplifting, and this company needs to do something to get a handle on its expenses. Its debt-equity ratio is high as well at 74.75, $3.17 billion being total debt of the most recent quarter. Its current ratio of the same period is 1.57.
The company’s growth for the year is expected to be -82.2%. This is projected as improving in 2013 and set at 11.5%. The per annum growth for the next five years is to be 10.5% per annum, higher than the annual growth of the past five years of 7.74%. Its selling and distribution expenses are quite high
http://www.gurufocus.com/news/158934/itt-corp-why-now-is-a-good-time-to-buy
This company belongs to the diversified machinery industry and has 40,000 full-time employees. ITT Corporation has been lauded for its socioeconomic and environmental performance by being named 10 times to the Dow Jones Sustainability World Index. Since it was started in 1999, this company has been named to the list every year, one of the few companies with that distinction.
With shares priced at around $21, the price is precariously close to the low point of the 52-week range of $16.67-$122.42. The average share volume for three months has been 1,994,700. ITT Corporation has a market capitalization of $2.03 billion. The earnings per share is $6.87 and the P/E ratio is low enough for value investors at 3.18. It does yield a dividend of 1.7%.
Its competitor, Dana Holding Corporation (DAN), has a market capitalization of $2.11 billion, with a year-on-year quarterly revenue growth of 28.8% versus ITT’s of 12.8%. Five-year price/earnings to growth is .33 for Dana and 1.33 for ITT Corporation. ITT’s figures for quarterly revenue growth, though low compared with Dana, are in keeping with that of the industry as a whole, which is 11.9%, so that is a positive point.
Some permutations and combinations have been taking place at ITT Corporation. In 2011, by spinning off its defense businesses, the company Exelis was born, and Xylem was given birth to by spinning off its water technology business.
ITT was named a "buy" when the spin-off took place in December 2011. This is because spin-offs are consistently undervalued by the market, so it was considered a good time to buy, with a P/E ratio of 4, $2 billion market cap and $6 billion revenue.
In terms of the profitability of this company, its profit margin is 5.42% and operating margin is 11.67%. As management effectiveness indicators, its return on equity is quite good at 14.86% and return on assets is 6.25%. That is above the asset-heavy mark but still a bit low.
On Dec. 14, 2011, it was reported that ITT Corporation had elected Orlando Ashford to its board of directors, a man with extensive global and human resource leadership experience with a glowing resume — surely another asset to the company.
We have seen ITT’s quarterly revenue growth rate. Its quarterly earnings growth year-on-year is -46.2%. Not very uplifting, and this company needs to do something to get a handle on its expenses. Its debt-equity ratio is high as well at 74.75, $3.17 billion being total debt of the most recent quarter. Its current ratio of the same period is 1.57.
The company’s growth for the year is expected to be -82.2%. This is projected as improving in 2013 and set at 11.5%. The per annum growth for the next five years is to be 10.5% per annum, higher than the annual growth of the past five years of 7.74%. Its selling and distribution expenses are quite high
http://www.gurufocus.com/news/158934/itt-corp-why-now-is-a-good-time-to-buy
Thursday, January 19, 2012
KB Home (KBH) Downgraded by UBS AG (UBS) to “Sell”
KB Home (KBH) Downgraded by UBS AG (UBS) to “Sell”
Tuesday, June 7, 2011
Food Stocks: Dow member McDonald's (MCD)
InitiationsFood Stocks: Dow member McDonald's (MCD) is begun with a Buy at Lazard Capital Markets, as is Starbucks (SBUX), while Buffalo Wild Wings (BWLD) is a new Neutral.
Energizer (ENR): ENR is a new Buy at Standpoint Research, which has a $90 price target.
AEterna Zentaris (AEZS): The stock is initiated with an Outperform at Oppenheimer, which says they are the innovator behind perifosine, a drug which is currently in Phase III studies in late-stage colorectal cancer and multiple myeloma by US partner Keryx Biopharmaceuticals (KERX). For related content, see June Catalysts for Biotech and Drug Stocks.
Healthcare Stocks: Stryker (SYK) and Zimmer (ZMH) are new Neutrals at Gleacher.
Vail Resorts (MTN): MTN is a new Market Perform at Rodman & Renshaw.
Semiconductor Stocks: SanDisk (SNDK) gets started with a Buy at Goldman Sachs, which has a Neutral on STEC Inc (STEC) and a Sell on Micron (MU). RF Micro Device (RFMD) is initiated with a Buy at Cantor Fitzgerald, as is TriQuint Semiconductor (TQNT).
UpgradesSymantec (SYMC): The stock is upgraded to Outperform from Neutral at Cowen.
Xilinx (XLNX): The stock gets lifted to Neutral from Sell at Goldman.
Juniper Networks (JNPR): JNPR is now Overweight from Equal Weight at Evercore Partners.
Colonial Properties Trust (CLP): CLP is put on the Top Picks list at FBR Capital.
Corn Products (CPO): CPO is sharply higher before the bell after being boosted to to Buy from Hold at Deutsche Bank.
BE Aerospace (BEAV): BEAV is added to the Conviction Buy List at Goldman.
VCA Antech (WOOF): WOOF is upgraded to Overweight from Equal Weight at First Analysis.
DowngradesCitrix Systems (CTXS): The stock is downgraded to Underweight from Neutral at JP Morgan.
Essex Property Trust (ESS): ESS is removed from the Top Picks list at FBR Capital.
Sprint Nextel (S): S is downgraded to Sell from Hold at Stifel Nicolaus.
Energizer (ENR): ENR is a new Buy at Standpoint Research, which has a $90 price target.
AEterna Zentaris (AEZS): The stock is initiated with an Outperform at Oppenheimer, which says they are the innovator behind perifosine, a drug which is currently in Phase III studies in late-stage colorectal cancer and multiple myeloma by US partner Keryx Biopharmaceuticals (KERX). For related content, see June Catalysts for Biotech and Drug Stocks.
Healthcare Stocks: Stryker (SYK) and Zimmer (ZMH) are new Neutrals at Gleacher.
Vail Resorts (MTN): MTN is a new Market Perform at Rodman & Renshaw.
Semiconductor Stocks: SanDisk (SNDK) gets started with a Buy at Goldman Sachs, which has a Neutral on STEC Inc (STEC) and a Sell on Micron (MU). RF Micro Device (RFMD) is initiated with a Buy at Cantor Fitzgerald, as is TriQuint Semiconductor (TQNT).
UpgradesSymantec (SYMC): The stock is upgraded to Outperform from Neutral at Cowen.
Xilinx (XLNX): The stock gets lifted to Neutral from Sell at Goldman.
Juniper Networks (JNPR): JNPR is now Overweight from Equal Weight at Evercore Partners.
Colonial Properties Trust (CLP): CLP is put on the Top Picks list at FBR Capital.
Corn Products (CPO): CPO is sharply higher before the bell after being boosted to to Buy from Hold at Deutsche Bank.
BE Aerospace (BEAV): BEAV is added to the Conviction Buy List at Goldman.
VCA Antech (WOOF): WOOF is upgraded to Overweight from Equal Weight at First Analysis.
DowngradesCitrix Systems (CTXS): The stock is downgraded to Underweight from Neutral at JP Morgan.
Essex Property Trust (ESS): ESS is removed from the Top Picks list at FBR Capital.
Sprint Nextel (S): S is downgraded to Sell from Hold at Stifel Nicolaus.
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