Robert W. Baird analyst Michael Halloran maintained a Buy rating on IDEX (IEX – Research Report) on August 30 and set a price target of $234.00. The company’s shares closed yesterday at $226.40.
Halloran covers the Industrials sector, focusing on stocks such as IDEX, Mueller Water Products, and Nordson. According to TipRanks, Halloran has an average return of 9.6% and a 57.18% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IDEX with a $233.25 average price target, which is a 3.03% upside from current levels. In a report released on August 28, Oppenheimer also maintained a Buy rating on the stock with a $245.00 price target.
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IEX market cap is currently $17.29B and has a P/E ratio of 29.56.
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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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