IDEX Corporation (IEX) has been seen positively in the recent earnings release with reports indicating the corporation's Q3 earnings have surpassed estimates, displaying strong cash flow and sales increase year over year. Qatar-based asset manager, abrdn plc, was notably reported to have increased its stake in IDEX Co. IDEX's strategic strength was accentuated through their acquisition of
Mott Corporation, growing its capabilities in applied materials science technology. Amid certain headwinds, the company's drawing strength from robust business fundamentals. However, there were concerns that IDEX's shares may have run up too quickly. While IDEX's Q2 was marked by some project delays and weakness in life science, they further expanded product portfolio by acquiring
Mott Corporation. Also, they have declared regular quarterly cash dividends. Analyst forecast for near term future is mixed as analysts believe that the corporation is undervalued by approximately 31%. Lastly,
IEX stocks have consensus recommendation of 'Moderate Buy' from brokerages.
Idex Corporation IEX News Analytics from Wed, 17 Aug 2016 16:45:37 GMT to Sat, 02 Nov 2024 08:39:37 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 2
