IDEX Corp. PT Raised to $65.00 (IEX)
Stock analysts at Global Hunter Securities upped their target price on shares of IDEX Corp. (NYSE:IEX) from $52.00 to $65.00 in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price target would indicate a potential downside of 5.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on IEX. Analysts at BMO Capital Markets raised their price target on shares of IDEX Corp. from $58.00 to $67.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.00.
IDEX Corp. (NYSE:IEX) opened at 68.52 on Wednesday. IDEX Corp. has a 52 week low of $39.18 and a 52 week high of $63.33. The stock has a 50-day moving average of $60.76 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that IDEX Corp. will post $3.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend 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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