Equities researchers at Deutsche Bank increased their price objective on shares of ITT Educational Services (NYSE:ESI) from $15.00 to $22.00 in a research report issued on Friday, ARN reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 17.88% from the company’s current price.
ESI has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of ITT Educational Services from $12.00 to $15.00 in a research note to investors on Friday. They now have a “sell” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of ITT Educational Services from $25.00 to $32.00 in a research note to investors on Tuesday, July 16th. Finally, analysts at Argus downgraded shares of ITT Educational Services from a “hold” rating to a “sell” rating in a research note to investors on Friday, June 21st.
Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. ITT Educational Services presently has a consensus rating of “Hold” and an average target price of $22.00.
ITT Educational Services (NYSE: ESI) traded up 1.46% on Friday, hitting $27.18. ITT Educational Services has a 52-week low of $11.69 and a 52-week high of $43.45. The stock’s 50-day moving average is currently $25.94. The company has a market cap of $635.1 million and a price-to-earnings ratio of 7.38.
ITT Educational Services (NYSE:ESI) last announced its earnings results on Thursday, July 25th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.01. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $272.40 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis. ITT Educational Services has set its FY13 guidance at $3.50-4.00 EPS and its Q3 guidance at $0.45-0.55 EPS. On average, analysts predict that ITT Educational Services will post $3.86 earnings per share for the current fiscal year.
ITT Educational Services, Inc (NYSE: ESI) is a provider of postsecondary degree programs in the United States.