SPX Receives Average Recommendation of “Hold” from Analysts (NYSE:SPW)
SPX (NYSE:SPW) has been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $108.27.
SPX (NYSE:SPW) opened at 103.72 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 $103.7 and a 200-day moving average of $103.. The company has a market cap of $4.414 billion and a price-to-earnings ratio of 8.95.
SPX (NYSE:SPW) last released its earnings data 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.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 11th.
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.
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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