SPX Receives Consensus Recommendation of “Hold” from Analysts (NYSE:SPW)
SPX (NYSE:SPW) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, American Banking News reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $108.27.
A number of analysts have recently weighed in on SPW shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of SPX in a research note on Monday, August 11th. They now have a $119.00 price target on the stock, down previously from $121.00. Separately, analysts at Wedbush raised their price target on shares of SPX from $107.00 to $110.00 in a research note on Friday, August 1st.
Shares of SPX (NYSE:SPW) traded down 0.13% during mid-day trading on Wednesday, hitting $103.77. 70,653 shares of the company’s stock traded hands. SPX has a 1-year low of $73.15 and a 1-year high of $111.47. The stock has a 50-day moving average of $104.4 and a 200-day moving average of $103.2. The company has a market cap of $4.417 billion and a P/E ratio of 8.88.
SPX (NYSE:SPW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that SPX will post $5.27 EPS 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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