Why IDEX Corporation (NYSE:IEX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $84.100 on IDEX Corporation (NYSE:IEX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.730 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of IDEX Corporation (NYSE:IEX) stands at 23.110. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For IDEX Corporation Common Stock, the PEG ratio for coming 3-5 years is 152.000. Technical Analysis The technical analysis highlights that IDEX Corporation Common Stock current price is trading $0.672 points away +0.798% from $84.163, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $79.468 and, for now, the stock price is trading $5.367 or +6.754% away from that point. The 52-week high of IDEX Corporation (NYSE:IEX) was $87.180 while lowest point recorded in 52-week was $66.880. It implies if stock price makes a movement of over $-2.345, it will record a new 52-week high. In the case of $+26.847% points drop, it will touch a new 52-week low.

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