A share price of Idex Corporation [IEX] is currently trading at $194.86, up 2.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IEX shares have lost -0.73% over the last week, with a monthly amount drifted -1.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Idex Corporation [NYSE: IEX] stock has seen the most recent analyst activity on February 08, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $265 from $215. Previously, Exane BNP Paribas started tracking the stock with Neutral rating on October 05, 2023, and set its price target to $200. On July 18, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $188 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $215 on July 14, 2022. Cowen upgraded its rating to a Outperform but $220 remained the price target by the analyst firm on March 09, 2022. Bernstein started tracking with a Mkt Perform rating for this stock on January 11, 2022, and assigned it a price target of $230. In a note dated December 17, 2021, Mizuho initiated an Neutral rating and provided a target price of $233 on this stock.
Idex Corporation experienced fluctuations in its stock price throughout the past year between $183.76 and $246.36. Currently, Wall Street analysts expect the stock to reach $236.33 within the next 12 months. Idex Corporation [NYSE: IEX] shares were valued at $194.86 at the most recent close of the market. An investor can expect a potential return of 21.28% based on the average IEX price forecast.
Analyzing the IEX fundamentals
Trailing Twelve Months sales for Idex Corporation [NYSE:IEX] were 3.19B which represents -4.61% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 192.39 points at the first support level, and at 189.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.26, and for the 2nd resistance point, it is at 197.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Idex Corporation [NYSE:IEX] is 3.41. Further, the Quick Ratio stands at 2.52, while the Cash Ratio is 1.47. Considering the valuation of this stock, the price to sales ratio is 4.62, the price to book ratio is 4.05 and price to earnings (TTM) ratio is 25.48.
