Shares of IDEX Co. (NYSE:IEX – Get Free Report) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $233.50.
A number of equities analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson reduced their price objective on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Oppenheimer decreased their price objective on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Robert W. Baird cut their target price on IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Royal Bank of Canada decreased their price target on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.
Check Out Our Latest Analysis on IEX
Institutional Investors Weigh In On IDEX
IDEX Stock Performance
Shares of IEX stock opened at $205.60 on Monday. The stock has a market capitalization of $15.56 billion, a PE ratio of 27.05, a PEG ratio of 2.09 and a beta of 0.95. IDEX has a one year low of $183.76 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.52. The business’s 50 day simple moving average is $200.65 and its 200 day simple moving average is $214.08.
IDEX (NYSE:IEX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. IDEX had a return on equity of 16.87% and a net margin of 18.19%. The firm had revenue of $807.20 million during the quarter, compared to the consensus estimate of $828.15 million. During the same period last year, the business posted $2.18 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that IDEX will post 7.88 earnings per share for the current year.
IDEX Company Profile
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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