Zacks Investment Research downgraded IDEX Corporation (NYSE:IEX) to Sell in a report released today.
- Updated: October 13, 2016
Just yesterday IDEX Corporation (NYSE:IEX) traded -0.69% lower at $86.52. IDEX Corporation’s 50-day moving average is $92.17 and its 200-day moving average is $86.86. The last closing price is down -0.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 281,158 shares of IEX traded hands, down from an average trading volume of 302,497
Zacks Investment Research has downgraded IDEX Corporation (NYSE:IEX) to Sell in a report released on 10/13/2016.
Recent Performance Chart
IDEX Corporation has 52 week low of $67.20 and a 52 week high of $95.33 with a PE ratio of 22.92 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $83.80 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 13 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On IDEX Corporation (NYSE:IEX)
IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). With its segments, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions. The Company's FMT segment provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural and energy industries. The HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems. Its FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems; engineered stainless steel banding and clamping devices, and precision equipment.
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