Shares of SPX Corp (NYSE:SPXC) have been given an average rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.50.
Several analysts have recently commented on SPXC shares. Zacks Investment Research lowered SPX from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. ValuEngine lowered SPX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet upgraded SPX from a “c” rating to a “b-” rating in a report on Thursday, February 15th. UBS Group started coverage on SPX in a report on Tuesday, January 23rd. They set a “buy” rating and a $41.00 price objective for the company. Finally, Susquehanna Bancshares set a $32.00 price objective on SPX and gave the company a “hold” rating in a report on Friday, February 16th.
Shares of SPX (SPXC) opened at $31.54 on Tuesday. SPX has a twelve month low of $21.97 and a twelve month high of $33.93. The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1,365.20, a price-to-earnings ratio of 15.61 and a beta of 1.57.
Several institutional investors and hedge funds have recently modified their holdings of SPXC. Elkfork Partners LLC purchased a new position in SPX in the 4th quarter worth $159,000. OxFORD Asset Management LLP purchased a new position in SPX in the 3rd quarter worth $202,000. Milestone Group Inc. purchased a new position in SPX in the 3rd quarter worth $206,000. IFC Holdings Incorporated FL purchased a new position in SPX in the 4th quarter worth $207,000. Finally, Globeflex Capital L P purchased a new position in SPX in the 4th quarter worth $222,000. Hedge funds and other institutional investors own 87.34% of the company’s stock.
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SPX Company Profile
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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