IDEX Corporation (NYSE:IEX) Projected EPS At $0.95 For Next Quarter


IDEX Corporation (NYSE:IEX) has a mean price target of $89.00 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.95 a share for the very next quarter and $3.74 for this year.

Technical View

The technical study of IDEX Corporation Common Stock demonstrates that the 50-day moving average of IDEX Corporation (NYSE:IEX) stock is $92.10, and is trading $-1.90 points away or -2.06% from 50-day moving average of $92.10. It is trading $5.52 or +6.52% away 200-day moving average of $84.68.

The 52-week high of IDEX Corporation (NYSE:IEX) was $95.33 while $67.20 is the low mark in the same period. It state IDEX Corporation Common Stock share price has to surge more than $-5.13 to hit 52-week high or drop +34.23% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of IDEX Corporation Common Stock, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. IDEX Corporation (NYSE:IEX) ratio came in at 23.91, after dividing current equity price by yearly earnings. IDEX Corporation Common Stock stock recorded a close of $90.20 in last trading session, registering a market cap of $6.87B.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. IDEX Corporation (NYSE:IEX) PEG ratio is at 161.80.

1 Chart Pattern Every Investor Should Know

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