News coverage about IDEX (NYSE:IEX) has been trending somewhat positive this week, Alpha One Sentiment reports. Alpha One, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. IDEX earned a daily sentiment score of 0.16 on Alpha One’s scale. Alpha One also assigned news coverage about the industrial products company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Alpha One’s rankings:
- IDEX Co. (IEX) Given a $104.00 Price Target at Robert W. Baird (americanbankingnews.com)
- Stifel Nicolaus Boosts IDEX Co. (IEX) Price Target to $100.00 (americanbankingnews.com)
- IDEX Co. (IEX) Price Target Increased to $102.00 by Analysts at Royal Bank of Canada (americanbankingnews.com)
- IDEX Co. (IEX) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- IDEX Co. (IEX) Announces Quarterly Earnings Results (americanbankingnews.com)
Shares of IDEX (NYSE:IEX) traded up 1.43% during midday trading on Friday, hitting $101.59. 567,990 shares of the stock were exchanged. IDEX has a one year low of $77.93 and a one year high of $102.12. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 28.78 and a beta of 1.15. The firm has a 50 day moving average of $93.15 and a 200-day moving average of $91.46.
IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 19th. The industrial products company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.10. The company had revenue of $553.60 million for the quarter, compared to analyst estimates of $533.14 million. IDEX had a return on equity of 18.95% and a net margin of 12.83%. IDEX’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities analysts expect that IDEX will post $3.92 EPS for the current year.
A number of equities analysts have issued reports on IEX shares. BMO Capital Markets reissued a “hold” rating and set a $101.00 price target on shares of IDEX in a research report on Monday, March 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $99.00 price objective on shares of IDEX in a research note on Tuesday, April 11th. Zacks Investment Research cut shares of IDEX from a “hold” rating to a “sell” rating in a research note on Monday, January 16th. Stifel Nicolaus raised their price objective on shares of IDEX from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Janney Montgomery Scott cut shares of IDEX from a “buy” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a research note on Thursday, March 2nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $97.14.
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IDEX Company Profile
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).
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