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


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $88.0000 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 $3.7400 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 24.7845.

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 169.4700.

Technical Analysis

The technical analysis highlights that IDEX Corporation Common Stock current is trading $3.0987 points away or +3.4282% from its 50-day moving average of $90.3886. Further it is trading $9.5835 or +11.4220% away its 200-day moving average of $83.9038.

The 52-week high of IDEX Corporation (NYSE:IEX) was $95.3300 while lowest point recorded in 52-week was $67.2000. It implies if stock price makes a movement of over $-1.8427, it will record a new 52-week high. In the case of +39.1180% drop, it will touch a new 52-week low.

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