A statement released earlier today by Zacks Investment Research about SPX Corporation (NASDAQ:SPXC) bumps the target price to $23.00
- Updated: September 30, 2016
Reporting a potential upside of 0.14%, Zacks Investment Research upped the target price of SPX Corporation (NASDAQ:SPXC) to $23.00
Boasting a price of $20.14, SPX Corporation (NASDAQ:SPXC) traded 0.85% higher on the day. With the last stock price close up 21.68% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. SPX Corporation has recorded a 50-day average of $19.35 and a two hundred day average of $16.55. Trade Volume was down over the average, with 200,799 shares of SPXC changing hands under the typical 288,008
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SPX Corporation has 52 week low of $7.62 and a 52 week high of $20.55 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price is $35.50 with one equity analyst rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For SPX Corporation (NASDAQ:SPXC)
SPX Corporation is a diversified, global supplier of infrastructure equipment. The Company operates through three segments: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. 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. Its heating and ventilation products are sold under the Berko, Qmark, Farenheat, and Leading Edge brands, while its Marley-Wylain subsidiary sells Weil-McLain and Williamson-Thermoflo brands. Its power products are sold under the brand names of SPX Cooling, Marley, Balcke Duerr, Yuba and Ecolaire.
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