IDEX Receives Consensus Rating of “Hold” from Analysts (NYSE:IEX)
IDEX (NYSE:IEX) has earned an average rating of “Hold” from the nine brokerages that are covering the company, American Banking News reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $76.38.
Shares of IDEX (NYSE:IEX) opened at 79.04 on Wednesday. IDEX has a one year low of $58.63 and a one year high of $81.82. The stock’s 50-day moving average is $79.64 and its 200-day moving average is $74.95. The company has a market cap of $6.332 billion and a P/E ratio of 23.37.
IDEX (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’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that IDEX will post $3.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, July 14th.
A number of research firms have recently commented on IEX. Analysts at Janney Montgomery Scott downgraded shares of IDEX from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $85.00 price target on the stock, up previously from $75.00. Separately, analysts at Brean Capital raised their price target on shares of IDEX from $79.00 to $86.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of IDEX in a research note on Friday, May 2nd. They now have a $78.00 price target on the stock.
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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