Illinois Tool Works Inc. (ITW)
NYSE: ITW · IEX Real-Time Price · USD
242.62
-6.67 (-2.68%)
At close: Jul 19, 2024, 4:00 PM
11.17
-231.45 (-95.40%)
After-hours: Jul 20, 2024, 1:23 PM EDT
Illinois Tool Works Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Illinois Tool Works stock have an average target of 250.6, with a low estimate of 217 and a high estimate of 283. The average target predicts an increase of 3.29% from the current stock price of 242.62.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for ITW stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 3 | 3 | 3 | 3 | 4 |
| Sell | 4 | 4 | 4 | 4 | 4 | 4 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 11 | 10 | 9 | 9 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Hold Maintains $259 → $268 | Hold | Maintains | $259 → $268 | +10.46% | Jul 18, 2024 |
| Jefferies | Jefferies | Hold Maintains $275 → $240 | Hold | Maintains | $275 → $240 | -1.08% | Jul 11, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $244 → $230 | Sell | Maintains | $244 → $230 | -5.20% | Jul 10, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $305 → $283 | Strong Buy | Maintains | $305 → $283 | +16.64% | Jul 2, 2024 |
| Barclays | Barclays | Sell Maintains $229 → $217 | Sell | Maintains | $229 → $217 | -10.56% | Jun 4, 2024 |
Financial Forecast
Revenue This Year
16.53B
from 16.11B
Increased by 2.60%
Revenue Next Year
17.12B
from 16.53B
Increased by 3.58%
EPS This Year
10.51
from 9.74
Increased by 7.90%
EPS Next Year
11.02
from 10.51
Increased by 4.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.4B | 18.2B | 19.0B | 20.0B | 20.9B |
| Avg | 16.5B | 17.1B | 17.8B | 19.0B | 20.1B |
| Low | 15.8B | 16.1B | 16.6B | 18.2B | 19.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.0% | 10.0% | 11.2% | 12.4% | 10.0% |
| Avg | 2.6% | 3.6% | 3.9% | 6.9% | 5.8% |
| Low | -2.1% | -2.6% | -3.2% | 2.5% | 2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.06 | 11.94 | 13.50 | 14.72 | 15.98 |
| Avg | 10.51 | 11.02 | 11.92 | 13.61 | 15.37 |
| Low | 10.05 | 10.24 | 10.81 | 12.67 | 14.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.5% | 13.6% | 22.5% | 23.5% | 17.4% |
| Avg | 7.9% | 4.9% | 8.1% | 14.2% | 12.9% |
| Low | 3.1% | -2.6% | -1.9% | 6.3% | 9.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.