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Zacks Investment Research downgraded SPX Corporation (NASDAQ:SPXC) to Hold in a report released today.

Just yesterday SPX Corporation (NASDAQ:SPXC) traded -0.15% lower at $20.22. SPXC’s 50-day average is $19.80 and its two hundred day average is $16.98. With the last close up 16.52% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 152,525 shares of SPXC changing hands under the typical 269,638

Zacks Investment Research has downgraded SPX Corporation (NASDAQ:SPXC) to Hold in a statement released on 10/12/2016.

Previously on 10/01/2016, Zacks Investment Research reported about SPX Corporation (NASDAQ:SPXC) bumped up the target price from $0.00 to $23.00 that indicated a possible upside of 0.14%.

See Chart Below

SPX Corporation (NASDAQ:SPXC)

SPX Corporation has a 52 week low of $7.62 and a 52 week high of $20.55 SPX Corporation’s market capitalization is presently $0.

A total of 8 firms have issued a ratings update on the company. 1 broker rating the stock a strong buy, two analysts rating the company a buy, 4 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $35.50.

About 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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