According to an update released by analysts at Stifel Nicolaus the broker has now set a ‘Hold’ rating on shares of IDEX Corporation (NYSE:IEX) with a price target of 89.
Stifel Nicolaus on Wednesday reiterated IDEX Corporation’s analyst rating as ‘Hold’ with its price target of 89 highlighting a potential increase of 2.83% from IDEX Corporation’s current price of 86.55.
Over the last twelve months IDEX Corporation’s stock price has increased from 73.69 to 86.55, a change of 17.45%.
IDEX Corporation has 76,130,000 shares in issue which have a share price of 86.55 giving IDEX Corporation a market capitalisation of 6.59B USD.
The company has a 50 day moving average of 91.31 and a 200 day moving average of 86.98. The 52 week high shares of IDEX Corporation have reached is 95.33 whilst the 52 week low for the company’s shares is 67.2.
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.