ITG (NASDAQ:ITG) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of ITG (NASDAQ:ITG) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Bank of America began coverage on shares of ITG in a research note on Monday. They issued a “buy” rating and a $16.00 target price for the company. Stifel Nicolaus started coverage on ITG in a research report on Monday. They set a “buy” rating and a $16.00 price target on the stock. Morgan Stanley started coverage on ITG in a report on Monday. They set an “overweight” rating and a $19.00 price target for the company. Wall Street Zen upgraded ITG to a “hold” rating in a research report on Sunday, July 12th. Finally, Vertical Research started coverage on ITG in a research note on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $17.56.

ITG Trading Down 1.6%

NASDAQ:ITG opened at $11.97 on Tuesday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -699.00 and a beta of 0.69. ITG has a 12 month low of $10.37 and a 12 month high of $19.26.

Key Stories Impacting ITG

Here are the key news stories impacting ITG this week:

• Positive Sentiment: Analyst sentiment strengthened: KeyCorp upgraded ITG to “Strong-Buy,” while UBS initiated coverage with a “Buy” rating and an $18 price target, and Robert W. Baird began coverage with an “Outperform” rating and a $19 target. Those targets imply substantial potential upside from recent trading levels. KeyCorp upgrade
• Positive Sentiment: KeyCorp expects improving earnings: Analyst S. Jain forecasts earnings per share of $0.50 for fiscal 2026 and $0.91 for fiscal 2027, with quarterly estimates of $0.11 for Q2 2026, $0.24 for Q3 and $0.16 for Q4. The projections suggest significant year-over-year earnings growth into 2027. KeyCorp earnings estimates
• Positive Sentiment: Broader institutional interest: Stifel Nicolaus, Truist Financial, Vertical Research and Bank of America all initiated coverage of ITG, expanding the number of analysts evaluating the company and potentially improving investor awareness. Stifel coverage
• Neutral Sentiment: The stock’s lower trading direction is occurring even as analyst actions remain broadly bullish. Because the reports provide ratings and forecasts rather than new operating results, investors may be waiting for financial results or further guidance before assigning greater value to the optimistic outlook.

ITG Company Profile

ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.

The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.

ITG served institutional clients in the United States and other major financial markets.