IDEX Corp. PT Raised to $86.00 (IEX)
Equities researchers at Brean Capital hoisted their price objective on shares of IDEX Corp. (NYSE:IEX) from $79.00 to $86.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Brean Capital’s target price indicates a potential upside of 8.37% from the stock’s previous close.
IEX has been the subject of a number of other recent research reports. 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. 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.14.
IDEX Corp. (NYSE:IEX) opened at 79.36 on Wednesday. IDEX Corp. has a 52-week low of $58.63 and a 52-week high of $81.82. The stock’s 50-day moving average is $79.43 and its 200-day moving average is $74.83. The company has a market cap of $6.398 billion and a price-to-earnings ratio of 24.15.
IDEX Corp. (NYSE:IEX) last released its earnings data on Tuesday, July 22nd. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.02. The company had revenue of $546.69 million for the quarter, compared to the consensus estimate of $543.79 million. During the same quarter last year, the company posted $0.76 earnings per share. IDEX Corp.’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that IDEX Corp. will post $3.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, July 14th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.