SPX Receives Average Rating of “Hold” from Analysts (NYSE:SPW)
Shares of SPX (NYSE:SPW) have received an average rating of “Hold” from the twelve ratings firms that are presently covering the company, StockRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $106.55.
Shares of SPX (NYSE:SPW) opened at 106.76 on Wednesday. SPX has a 52-week low of $73.15 and a 52-week high of $111.47. The stock has a 50-day moving average of $107.5 and a 200-day moving average of $102.7. The company has a market cap of $4.678 billion and a P/E ratio of 9.39.
SPX (NYSE:SPW) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.06. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that SPX will post $5.36 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of SPX from $120.00 to $121.00 in a research note on Thursday. Separately, analysts at Jefferies Group initiated coverage on shares of SPX in a research note on Wednesday. They set a “hold” rating and a $115.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SPX from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $112.00 price target on the stock, down previously from $115.00. They noted that the move was a valuation call.
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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