Stock To Watch: IDEX Corporation (NYSE:IEX)


The leading market experts have placed a mean price target of $86.90 on IDEX Corporation (NYSE:IEX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.95 a share for the upcoming quarter and $3.74 for the current fiscal.

Technical View

The technical analysis of IDEX Corporation Common Stock plainly substantiates that the 50-day moving average of IDEX Corporation Common Stock is $86.51, and stock is trading $5.81 points away or +6.72% from its 50-day moving average of $86.51. Further it is trading $10.50 or +12.83% away its 200-day moving average of $81.82. IDEX Corporation (NYSE:IEX) 52-week high is $92.96 and the 52-week low is $66.88.

This explains if the stock moves $-0.64, it will post a 52-week high. In event of +38.04% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of IDEX Corporation Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, IDEX Corporation (NYSE:IEX) ratio came in at 24.48.

The stock last ended the trading session at $92.32 and registered a market cap of $7.03B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. IDEX Corporation (NYSE:IEX) PEG ratio is at 164.53.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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