SPX Corp. Price Target Increased to $85.00 by Analysts at Barclays Capital (SPW)
Barclays Capital increased their price target on shares of SPX Corp. (NYSE:SPW) from $80.00 to $85.00 in a research note issued on Monday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 1.25% from the company’s current price.
A number of other analysts have also recently weighed in on SPW. Analysts at JPMorgan Chase & Co. upgraded shares of SPX Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, September 11th. They now have a $89.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of SPX Corp. from $72.00 to $74.00 in a research note to investors on Tuesday, August 6th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of SPX Corp. from $69.00 to $76.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.58.
Shares of SPX Corp. (NYSE:SPW) traded down 0.96% on Monday, hitting $83.95. The stock had a trading volume of 330,876 shares. SPX Corp. has a 52 week low of $60.61 and a 52 week high of $86.65. The stock has a 50-day moving average of $79.70 and a 200-day moving average of $76.84. The company has a market cap of $3.805 billion and a P/E ratio of 16.97.
SPX Corp. (NYSE:SPW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.15. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis.
SPX Corporation is a global, multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries globally.
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