Several analysts have recently updated their ratings and price targets for SPX Corporation (NYSE: SPXC):

  • 11/14/2017 – SPX Corporation was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/8/2017 – SPX Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SPX Corporation is a global supplier of infrastructure equipment. The company, SPX supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. Its detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a manufacturer of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. SPX Corporation is headquartered in Charlotte, North Carolina. “
  • 11/7/2017 – SPX Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “SPX Corporation is a global supplier of infrastructure equipment. The company, SPX supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. Its detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a manufacturer of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. SPX Corporation is headquartered in Charlotte, North Carolina. “
  • 11/6/2017 – SPX Corporation was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 11/3/2017 – SPX Corporation had its price target raised by analysts at UBS AG from $36.00 to $39.00. They now have a “buy” rating on the stock.
  • 10/4/2017 – SPX Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SPX Corporation is a global supplier of infrastructure equipment. The company, SPX supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. Its detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a manufacturer of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. SPX Corporation is headquartered in Charlotte, North Carolina. “
  • 9/30/2017 – SPX Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

SPX Corporation (SPXC) opened at $30.82 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. SPX Corporation has a twelve month low of $21.97 and a twelve month high of $32.71. The firm has a market cap of $1,313.22, a PE ratio of 16.48 and a beta of 1.70.

SPX Corporation (NYSE:SPXC) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $348.50 million during the quarter, compared to the consensus estimate of $343.12 million. SPX Corporation had a negative net margin of 3.86% and a positive return on equity of 37.49%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. equities research analysts anticipate that SPX Corporation will post 1.8 earnings per share for the current fiscal year.

In other news, CAO Michael Andrew Reilly sold 3,833 shares of SPX Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.59, for a total transaction of $117,251.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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