Oppenheimer analyst Bryan Blair maintained a Buy rating on IDEX (IEX – Research Report) today and set a price target of $245.00. The company’s shares closed last Friday at $226.14.
According to TipRanks, Blair is a 5-star analyst with an average return of 18.9% and a 64.71% success rate. Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, IDEX, and Mueller Water Products.
IDEX has an analyst consensus of Moderate Buy, with a price target consensus of $232.75, which is a 2.92% upside from current levels. In a report released on August 24, Argus Research also maintained a Buy rating on the stock with a $250.00 price target.
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The company has a one-year high of $244.12 and a one-year low of $193.60. Currently, IDEX has an average volume of 570K.
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IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consist of production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987 and is headquartered in Lake Forest, IL.
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