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RBC Capital Remains a Buy on IDEX (IEX)
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RBC Capital Remains a Buy on IDEX (IEX)

RBC Capital analyst Deane Dray maintained a Buy rating on IDEX (IEXResearch Report) yesterday and set a price target of $285.00. The company’s shares closed yesterday at $224.64.

Dray covers the Industrials sector, focusing on stocks such as Eaton, Pentair, and Atkore International Group. According to TipRanks, Dray has an average return of 15.1% and a 63.73% success rate on recommended stocks.

In addition to RBC Capital, IDEX also received a Buy from Robert W. Baird’s Michael Halloran in a report issued today. However, yesterday, D.A. Davidson maintained a Hold rating on IDEX (NYSE: IEX).

IEX market cap is currently $17.57B and has a P/E ratio of 29.57.

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IDEX (IEX) Company Description:

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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