Shares of IDEX Co. (NYSE:IEX – Get Rating) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $239.91.
Several brokerages have issued reports on IEX. Robert W. Baird upped their price target on shares of IDEX from $227.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. StockNews.com downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research note on Saturday, March 4th. DA Davidson increased their price target on IDEX from $220.00 to $225.00 in a research note on Tuesday, November 22nd. Citigroup decreased their price target on IDEX from $273.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Finally, Oppenheimer increased their price target on IDEX from $245.00 to $247.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd.
Insiders Place Their Bets
In other IDEX news, CFO William K. Grogan sold 3,181 shares of IDEX stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $226.36, for a total value of $720,051.16. Following the completion of the sale, the chief financial officer now directly owns 13,864 shares in the company, valued at $3,138,255.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On IDEX
IDEX Stock Performance
NYSE IEX opened at $215.80 on Thursday. The firm’s fifty day moving average price is $228.73 and its two-hundred day moving average price is $222.09. The stock has a market cap of $16.30 billion, a PE ratio of 27.99, a PEG ratio of 2.13 and a beta of 0.99. IDEX has a fifty-two week low of $172.18 and a fifty-two week high of $246.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.71 and a current ratio of 2.57.
IDEX (NYSE:IEX – Get Rating) last posted its earnings results on Wednesday, February 1st. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.03. The firm had revenue of $810.70 million for the quarter, compared to analysts’ expectations of $772.75 million. IDEX had a net margin of 18.44% and a return on equity of 21.44%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, equities analysts expect that IDEX will post 8.61 EPS for the current fiscal year.
IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.
- Get a free copy of the StockNews.com research report on IDEX (IEX)
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