Brokerage Firm Rating Update on IDEX Corporation (IEX)

IDEX Corporation (IEX) : Zacks Investment Research ranks IDEX Corporation (IEX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.54, which indicates as a Hold.

IDEX Corporation (IEX) : The highest level IDEX Corporation (IEX) is projected to reach is $97 for the short term and the lowest estimate is at $73. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $85.5 and the possibility the share price can swing is $8.16.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Janney Capital upgrades its rating on IDEX Corporation (NYSE:IEX). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 19, 2016.

IDEX Corporation (NYSE:IEX): The stock opened at $93.27 and touched an intraday high of $93.96 on Wednesday. During the day, the stock corrected to an intraday low of $93.19, however, the bulls stepped in and pushed the price higher to close in the green at $93.62 with a gain of 0.07% for the day. The total traded volume for the day was 203,576. The stock had closed at $93.55 in the previous trading session.

IDEX Corporation is an applied solutions business that sells pumps, flow meters and other fluidics systems and components, and engineered products. The Companys products include industrial pumps, compressors, flow meters, injectors and valves, and related controls for use in process applications; precision fluidics solutions, including pumps, valves, degassing equipment, corrective tubing, fittings, complex manifolds, precision photonic solutions, optical filters and specialty medical equipment and devices used in life science applications. The Company operates in three segments: Fluid & Metering Technologies (FMT), which designs, produces and distributes positive displacement pumps, flow meters and injectors; Health & Science Technologies (HST), which designs, produces and distributes precision fluidics and rotary lobe pumps, and Fire & Safety/Diversified Products (FSDP), which produces firefighting pumps and controls, rescue tools.

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