Zacks Investment Research upgraded IDEX Corporation (NYSE:IEX) to Hold in a report released today.
- Updated: April 20, 2017
Zacks Investment Research has upgraded IDEX Corporation (NYSE:IEX) to Hold in a report released on 4/20/2017.
Yesterday IDEX Corporation (NYSE:IEX) traded 6.41% higher at $94.00. The company’s 50-day moving average is $92.84 and its 200-day moving average is $91.33. The last stock close price is up 9.53% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 816,342 shares of the stock were exchanged, up from an average trading volume of 279,205
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IDEX Corporation has a 52 week low of $77.93 and a 52 week high of $100.20 with a P/E ratio of 28.34 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $83.80 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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, as of December 31, 2016, the Company maintained 13 platforms, where it focused 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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