IDEX Corp. Hits New 12-Month High at $80.64 (IEX)
IDEX Corp. (NYSE:IEX) shares reached a new 52-week high on Friday , Analyst Ratings Net reports. The company traded as high as $80.64 and last traded at $80.10, with a volume of 134,383 shares trading hands. The stock had previously closed at $79.98.
A number of analysts have recently weighed in on IEX shares. Analysts at Zacks reiterated a “neutral” rating on shares of IDEX Corp. in a research note on Friday, May 2nd. They now have a $78.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of IDEX Corp. from $78.00 to $79.00 in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. IDEX Corp. has a consensus rating of “Hold” and an average price target of $74.14.
The stock has a 50-day moving average of $76.63 and a 200-day moving average of $73.57. The company has a market cap of $6.453 billion and a price-to-earnings ratio of 24.53.
IDEX Corp. (NYSE:IEX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.07. The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $527.21 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that IDEX Corp. will post $3.44 EPS for the current fiscal year.
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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