IDEX Corp. Price Target Raised to $67.00 at BMO Capital Markets (IEX)
BMO Capital Markets hoisted their price target on shares of IDEX Corp. (NYSE:IEX) from $58.00 to $67.00 in a research note issued on Wednesday, American Banking News.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 2.22% from the stock’s previous close.
IEX has been the subject of a number of other recent research reports. Analysts at Longbow Research initiated coverage on shares of IDEX Corp. in a research note to investors on Tuesday, October 1st. They set a “neutral” rating on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of IDEX Corp. in a research note to investors on Thursday, August 15th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. IDEX Corp. has an average rating of “Hold” and a consensus price target of $58.00.
Shares of IDEX Corp. (NYSE:IEX) opened at 68.52 on Wednesday. IDEX Corp. has a one year low of $39.18 and a one year high of $63.33. The stock’s 50-day moving average is $60.76 and its 200-day moving average is $55.. The company has a market cap of $5.602 billion and a price-to-earnings ratio of 103.35.
IDEX Corp. (NYSE:IEX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.04. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $507.37 million. During the same quarter last year, the company posted $0.66 earnings per share. IDEX Corp.’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that IDEX Corp. will post $3.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, October 10th.
IDEX Corporation (NYSE:IEX) is an applied solutions business that sells an array of pumps, flow meters and other fluidics systems and components and engineered products to customers in a variety of markets worldwide.
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