SPX Corp. Hits New 52-Week High at $101.33 (SPW)
Shares of SPX Corp. (NYSE:SPW) hit a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $101.33 and last traded at $100.94, with a volume of 191,343 shares trading hands. The stock had previously closed at $99.34.
A number of analysts have recently weighed in on SPW shares. Analysts at Zacks upgraded shares of SPX Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $100.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of SPX Corp. in a research note to investors on Thursday, December 5th. They now have a $101.00 price target on the stock, up previously from $97.00. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $91.50.
In other SPX Corp. news, VP Kevin Lilly sold 3,000 shares of SPX Corp. stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.32, for a total transaction of $294,960.00. Following the completion of the transaction, the vice president now directly owns 100,909 shares in the company, valued at approximately $9,921,373. The transaction was disclosed in a filing with the SEC, which is available at this link.
SPX Corp. has a 1-year low of $67.19 and a 1-year high of $100.24. The stock has a 50-day moving average of $95.76 and a 200-day moving average of $84.40. The company has a market cap of $4.583 billion and a P/E ratio of 18.93.
SPX Corp. (NYSE:SPW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, analysts predict that SPX Corp. will post $3.95 earnings per share for the current fiscal year.
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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