Negative investment interest means that the current risk reward ratio does not favor investment consideration at this time.
The recent close of $96.30 is approximately 3080% above the fair value buy target for the stock and approximately 1446% above the fair value close target for the stock. The recent close is also 4% below analysts' twelve-month $100.00 median price target for the stock.
The recent close represents a 26% increase in the one-year price of the stock, while year-over-year sales increased 10%, year-over-year earnings increased 5%, year-over-year debt increased 17%, and year-over-year free cash flow decreased 151%.
The stock currently has a trailing twelve-month PE Ratio of 20, and a PEG Ratio of 1.3 basis estimated forward earnings growth of 15.5%.
In the past 52 weeks, share prices have moved between a high of $99.33 and a low of $74.28, placing equilibrium at $89.39.
With the recent close, the stock is trading 3% below the 52 week high, 23% above the 52 week low, and 7% above equilibrium.
The three-month average daily trading volume for this stock is, approximately 261,000 shares.
ITC Holdings together with its subsidiaries, engages in the transmission of electricity in the United States.
The company's listed competitors include DTE Electric Company, Midland Cogeneration Venture,and Wolverine Power Supply Cooperative.
Financial information contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.